SunSirs--China Commodity Data Group

Sign In

Join Now

Home > Commodity News > News Detail
Commodity News
SunSirs: The Melamine Market Is Mainly Stable
December 25 2020 13:15:25SunSirs(John)

Price trend

Recently, the melamine market is mainly stable, and prices of some companies have increased. According to the monitoring sample data of SunSirs, as of December 24, the average quotation price of melamine companies was 7,266.67 RMB/ton, which was the same as the beginning of the week and increased by 0.93% compared with last Thursday (December 17). Compared with the beginning of the month, the price has dropped by 3.96%, and has increased by 29.76% in a three-month cycle.

Analysis review

At present, manufacturers mostly implement pre-orders, and some devices are shut down for maintenance, which has a certain boost to prices. However, the downstream industries in some areas are affected by environmental protection and climate factors, and the actual demand is not good. Most of the companies focus on price stability. The prices of some companies have risen, and the market trading atmosphere is general. As of the 24th, the mainstream quotation of melamine in Shandong was around 7,000 RMB/ton, the mainstream quotation of melamine in Xinjiang was around 6,400 RMB/ton, and the mainstream quotation in Sichuan was around 7,000 RMB/ton. The quotations are for reference only, and the actual prices are quasi.

Urea upstream, the urea market in Shandong was temporarily stable on December 24. The upstream liquid ammonia has consolidated at a high level recently, and the cost support is good. The overall domestic demand is weak. Affected by air pollution control, the board operating rate continued to drop. Downstream compound fertilizer companies purchased moderately, and the agricultural sector asked for prices. The industry is cautious about high-priced sources and does not have a lot of stocking actions.

According to the price monitoring of SunSirs, on December 23, 2020, there were 10 commodities in the chemical sector of the commodity price list that increased month-on-month. The top 3 commodities were baking soda (1.25%), liquid ammonia (1.23%), Hydrofluoric acid (1.20%). A total of 15 commodities fell month-on-month, and 1 commodity fell more than 5%, accounting for 1.1% of the number of monitored commodities in this sector; the top 3 products that fell were bisphenol A (-5.81%) and isopropanol ( -3.21%), epoxy resin (-3.14%). The average daily increase and decrease is -0.15%.

Market outlook

The melamine analyst of SunSirs believes that the upstream urea price is temporarily stable, and the cost support for the melamine price is general. There are maintenance plans for some devices in the near future, which supports the mentality of manufacturers, but the downstream demand is not high, and the procurement is mainly needed. It is expected that in the short term, the melamine market may stabilize, and the specific trend requires more attention to market news guidance.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products