Price trend

According to the monitoring sample data of SunSirs, the average price of melamine enterprises as of November 22 was 8,300.00 RMB/toon, which was the same as that of last Thursday (November 17), and 0.81% higher than that of November 10.

Analysis review

Recently, the melamine market was stable and adjusted. From the perspective of cost, the recent raw material urea market was running firmly, and the cost support was strengthened. From the perspective of supply and demand, some enterprises in the north stopped for minor repairs, but the downstream demand had not improved significantly. Procurement was mainly on demand, the market trading atmosphere was general, and the focus of melamine market negotiation was mainly stable.

On November 22, the benchmark price of upstream urea in SunSirs was 2,710.00 RMB/toon, an increase of 8.14% compared with that on November 1 (2,506.00 RMB/toon).

Market outlook

The melamine analysts of SunSirs believe that the current cost supports the market's price-supported mentality, but the demand side is weak, the support form supply and demand side is general, and the wait-and-see atmosphere is strong. It is expected that in the short term, the melamine market will be mainly stable, waiting and watching, and more attention should be paid to changes in raw material prices.

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