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SunSirs: The Price of Domestic Melamine Rose Slightly Last Week (9.2-9.6)

September 10 2019 09:22:16     SunSirs (John)

  1.the price trend

  According to the price monitoring of SunSirs, the market price of melamine rose slightly this week. At present, the mainstream price of domestic melamine is 5500-6000 RMB/ton, up 1.08% compared with the beginning of the week, and down 0.53% compared with August 6.

  2.Market analysis

  Products: The market price of melamine increased slightly this week. Recently, the operating rate of domestic melamine plants is about 58%, and the supply of goods is still ok, but downstream papermaking, sheet metal, moulding plastics and other industries start to slump, the actual demand is still poor, most manufacturers are cautious to receive goods, mostly wait-and-see. At present, the mainstream quotation of melamine market in Xinjiang is around 5400 RMB/ton; the mainstream quotation of melamine market in Sichuan is around 5700 RMB/ton; and the mainstream quotation of melamine market in Henan is around 5700 RMB/ton.

  Industry Chain: This week, the raw material of liquid ammonia is running steadily, but the urea market is weak. The price of urea has fallen by 1.62%, which has a negative impact on the cost of melamine. Terminal demand is still flat, there is no substantive improvement, business people are more wait-and-see mentality.

  Industry: According to the price monitoring of SunSirs, in the 35th week (9.2-9.6) of 2019, there were 31 kinds of commodities rising annually in the chemical sector, of which 8 commodities increased by more than 5%, accounting for 9.5% of the monitored commodities in the sector; he top 3 commodities were methyl butanone (13.06%), yellow phosphorus (11.51%), and mixed xylene (8.50%). There were 21 kinds of commodities with a decrease in the chain, and 4 products with a drop of more than 5%, accounting for 4.8% of the monitored products in the sector; the top 3 products were chloroform (-8.16%) and lithium hydroxide ( -6.14%), lithium carbonate (-6.00%). This week's average price of increase was 0.61%.

  3.Market outlook

  The melamine analyst of SunSirs believes that although the melamine market has a steady upward trend, there is no strong positive factor in the upstream and downstream markets. It is expected that in the short term, the melamine market will be dominated by consolidation and wait-and-see, and the focus remains on the news guidelines such as environmental protection and production restriction.

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