SunSirs--China Commodity Data Group

Member ID: password: Join Now!
Commodity News

SunSirs: The Melamine Market Rose First and Then Stabilized, and the Atmosphere Was Fair

March 25 2021 13:59:27     SunSirs (John)

Price trend

Recently, the melamine market has risen first and then stabilized. According to the monitoring sample data of SunSirs, as of March 24, the average quotation price of melamine companies was 8,116.67 RMB/ton, which was flat compared with the previous trading day and rose by 1.04% compared with last Friday (March 19), an increase of 9.68% compared with February 24 and an increase of 49.39% compared with the same period last year.

Analysis review

In terms of raw materials, the price of upstream urea has risen recently. On the supply side, the operating rate of melamine has increased. In terms of demand, exports performed well, domestic demand was flat, trading atmosphere in some markets improved, prices of some companies increased, and the overall market atmosphere was fair.

Urea upstream, the urea market in Shandong increased on March 24. In terms of demand: agricultural demand is mostly on-demand, terminal purchase willingness is general, and agricultural purchases in mainstream regions are cautious; downstream compound fertilizer and rubber sheet plants have increased slightly, and small orders at low prices are followed, and most of them follow the market. On the supply side: At present, the operating rate of urea enterprises is about 80%, and the daily output is about 160,000 tons. The start-up load of urea enterprises has increased, and the supply side is sufficient. India's RCF import bidding opened, with a total bid volume of 1.926 million tons, and the bid price has not been announced. Due to the increasing demand for multi-site workers, the positive impact of Indian bidding and the improvement of the domestic market mentality, some manufacturers are still willing to insist on high price.

Market outlook

The melamine analyst of SunSirs believes that the upstream urea price has risen slightly recently, the cost support has been slightly strengthened, the overall operating rate of melamine is high, the market is orderly, and the wait-and-see attitude is dominant. It is expected that in the short term, the domestic melamine market may be stable and consolidate. The specific trend requires more attention to market news guidance.

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

Related Information
Energy
Chemical
1,3-butadiene | 2-EH | Acetic acid | Acetic anhydride | Acetone | Acrylic acid | Activated charcoal | Adipic acid | Aluminum fluoride | Ammonium nitrate | Ammonium sulfate | BDO | Benzene | Bisphenol A | Bromine | Butyl acetate | Butyl Acrylate | Calcium carbide | Calcium chloride | Calcium Formate | Caustic soda | Chlorinated Paraffin | Chloroacetic acid | Chloroform | CPL | Cryolite | Cyclohexane | DBP | Dichloromethane | Diethylene glycol | Dimethyl carbonate | DMF | DOP | DOTP | EA | ECH | Epoxy resin | Ethyl Acrylate | Ethylene oxide | Ferrous lithium phosphate | Flake caustic soda | Fluorite | Formaldehyde | Formic acid | Glycerol | Hexafluoropropylene | Hydrochloric acid | Hydrofluoric acid | Hydrogen peroxide | Hydrogenated benzene | IPA | Isobutanol | Isooctyl Acrylate | Liquid ammonia | Lithium carbonate | Lithium hydroxide | Maleic anhydride | MEK | Melamine | MIBK | N-butanol | N-butyraldehyde | N-Methylpyrrolidone | N-propanol | Neopentyl glycol | Nitric acid | Orthoboric acid | OX | PA | PAC | PAM | Paraformaldehyde | PCE | PEG | Phenol | Phosphate rock | Polysilicon | Potassium carbonate | Potassium chloride | Potassium nitrate | Potassium sulfate | Propane | Propylene | Propylene Glycol | Propylene oxide | PTFE | R134a | R22 | Resorcinol | Silica | Silicone DMC | Soda ash | Sodium acetate | Sodium Bicarbonate | Sodium metabisulfite | Stearic acid | Sulfur | Sulfuric acid | TDI | Titanium Dioxide | Titanium tetrachloride | Trichloroethylene | Urea | vitamin A | vitamin C | vitamin E |
Rubber & plastics
Textile
Non-ferrous metals
Steel
Building materials
Agricultural & sideline products