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SunSirs: Tthe Melamine Market Is running Weakly This Week (10.28-11.1)

November 05 2019 14:36:23     SunSirs (John)

Price trend

According to the data monitoring of SunSirs, the market price of melamine fell this week, down 0.54% compared with that at the beginning of the week (October 28), and the mainstream domestic melamine price was 5400-5700 RMB/ton on November 1st.

 

Analysis review

Product: This week, the domestic melamine market was weak. At present, the mainstream price of melamine market in Xinjiang is around 5000 RMB/ton; the mainstream price of melamine market in Sichuan is around 5550 RMB/ton; the mainstream price of melamine market in Henan is around 5600 RMB/ton. The main quotation of melamine market in Shandong is around 5600 RMB/ton.

Industry chain: The upstream urea price of Shandong Province (10.28-11.1) is running smoothly. The upstream liquid ammonia price (10.28-11.1) rose by 1.14%. Downstream papermaking, sheet metal, molding compound and other industries started to be sluggish.

Industry: according to the price monitoring of SunSirs, in the 43rd week of 2019 (10.28-11.1), there are 12 kinds of commodities rising month on month in the list of commodity prices in the chemical industry sector, among which there are two kinds of commodities rising by more than 5%, accounting for 2.4% of the number of commodities monitored in the sector; the top three commodities are dichloromethane (9.58%), sulfuric acid (6.98%) and aniline (4.24%). There were 40 kinds of commodities with a decrease in the chain, and 4 products with a drop of more than 5%, accounting for 4.7% of the monitored products in the sector; the top 3 products were DMF (-7.88%) and butadiene (-6.73). %), acrylic acid (-5.88%). This week's average price increase was -0.61%.

 

Market outlook

The melamine analyst of SunSirs believe that the raw material urea price is stable this week, the liquid chlorine is rising slightly, and the cost support for melamine is limited. The melamine market has sufficient supply, but the downstream market has limited demand and the follow-up of the transaction is insufficient. It is expected that the melamine market will be consolidated and wait-and-see in the short term.

 

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