Price trend

According to the monitoring sample data of SunSirs, as of June 14, the average price of melamine of enterprises was 9,356.67 RMB/ton, a decrease of 3.21% compared with the price on last Wednesday (June 8). Compared with the price on May 14, it fell by 9.16%, and fell by 22.03% in a three-month cycle.

Analysis review

The recent (6.8-6.14) melamine market fell. Recently, the price of raw material urea has risen, the cost support has risen, and the mentality of manufacturers has been supported. The operating rate of melamine has increased, but the demand side has not performed well, the sales of enterprises have been under pressure, the market trading atmosphere has been flat, and the price of melamine has been loosened.

Upstream urea, the domestic urea market was temporarily stable on June 14. On June 13, the reference price of urea was 3,251.00 RMB/ton, an increase of 1.56% compared with the price on June 1 (3,201.00 RMB/ton). From the perspective of supply: the daily output of urea was about 170,000 tons, which was at a high level, but the factory inventory and social inventory were at a low level, and the supply of goods in some areas was tight.

Market outlook

The melamine analyst of SunSirs believes that the current raw material urea is running strongly, which has a certain support for the market. The melamine operating rate is high, but the demand side is not following up enough, and the supply and demand pattern is weak. It is expected that in the short term, the melamine market may be weak and stable.

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