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SunSirs: Domestic Melamine Market Fell This Week (11.4-11.8)

November 11 2019 10:37:07     SunSirs (John)

Price trend

According to the data monitoring of SunSirs, the domestic melamine market price fell this week, down 1.64% compared with the beginning of the week (November 4). On November 8th, the domestic mainstream melamine price was 5200~5600 RMB/ton.

 

Analysis review

Product: Domestic melamine market prices fell this week. Melamine operation rate is at a high level, the supply of goods is sufficient, and the demand is not good. Most downstream manufacturers are cautious in receiving goods and purchasing on demand, most of which focus on wait-and-see. At present, the mainstream price of melamine market in Xinjiang is around 4900 RMB/ton; the mainstream price of melamine market in Sichuan is around 5400 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.

Industrial chain: This week, the factory price (11.4-11.8) of urea in Shandong area in the upstream run smoothly. The upstream liquid ammonia price (11.4-11.8) fell slightly, down 0.62%. Downstream papermaking, plate, molding plastics and other industries started in a downturn, the actual demand is still poor, and the confidence of the industry is insufficient.

 

Market outlook

Melamine analysts of SunSirs believe that the price of raw urea is stable this week, the price of liquid ammonia is slightly lower, and the cost is slightly weakened in the face of melamine support. The domestic melamine operation rate is at a high level. Due to the weak downstream demand and limited digestion capacity of melamine sources, it is expected that the domestic melamine market will be weak and stable in the short term, and more attention should be paid to the upstream raw material price changes.

 

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