Price trend

According to the monitoring sample data of SunSirs, as of July 14, the average price of melamine enterprises was 12,200 RMB/ton, an increase of 4.87% compared with the price at the beginning of the week, an increase of 12.96% compared with the price at the beginning of the month, and an increase of 18.06% compared with June 14.

Analysis review

In June, the overall trend of the melamine market rose, with a monthly increase of 18.38%. Entering July, the market is mainly stable, and prices have continued to rise since the beginning of this week. Recently, the spot supply is in short supply, the market is quite upbeat, the factory controls the pace of shipments, the downstream just needs to purchase mainly, and the enterprise offers high-end offers.

Upstream urea, the urea market in Shandong area rose on July 14, and it increased by 1.84% compared with the price at the beginning of the week. On the whole, urea cost support is strengthened, downstream demand is stable, and urea supply is tight.

Market outlook

SunSirs melamine analysts believe that the current upstream urea price is relatively strong, the cost impact is limited, the market supply is tight, and the price is supported. It is expected that in the short term, the melamine market may run strongly, and more attention needs to be paid to market news guidance.

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