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SunSirs: The Overall Melamine Market Rose Slightly in September, and the Atmosphere at the End of the Month Was Weak
September 28 2022 13:56:29SunSirs(John)

 

Price trend

According to the monitoring sample data of SunSirs, as of September 27, the average price of melamine enterprises was 8,366.67 RMB/ton, an increase of 0.80% compared with the price on September 1, and a decrease of 12.24% in a three-month cycle.

Analysis review

In September, the melamine market fluctuated and rose slightly as a whole, and the market sentiment was weak near the end of the month. At the beginning of September, the cost side had a certain support, but the downstream was mainly bearish, the purchasing intention was not strong, and the market was running weakly. As the price of raw material urea continued to rise, the cost-side support continued to increase. The export orders of some enterprises were acceptable, and the domestic trade that just needed followed up. The low operating rate of the industry and the cost drove the melamine market to rise. After the rise, the downstream had conflicted with the high-priced supply, and most of them purchased just on demand. Manufacturers mostly executed orders in the early stage, and the focus of market discussions was running at a high level. In late September, the cost support was still there, the operating rate was low, but the demand side performed poorly, companies cut prices to attract orders, the high-end price of the melamine market was loose, and the market sentiment was weak.

Upstream urea, on September 26, the base price of urea in SunSirs was 2,553.00 RMB/ton, an increase of 6.38% compared with September 1 (2,400.00 RMB/ton).

Market outlook

The melamine analyst of SunSirs believes that the current cost still has support, and the downstream is stocking appropriately before the holiday, but the demand side is still poor and the market sentiment is general. It is expected that in the short term, the melamine market may be weak and stable, and more attention should be paid to market news guidance.

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

 

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