SunSirs: The Melamine Market Was Running to Be Weak (June 16-22)
June 23 2022 14:06:19 SunSirs (John)Price trend
According to the monitoring sample data of SunSirs, as of June 22, the average price of melamine enterprises was 9,533.33 RMB/ton, a decrease of 0.68% compared with the price of last Thursday (June 16), a decrease of 6.31% compared with the price on May 22, and a decrease of 22.28% in a three-month cycle.
Analysis review
The recent (6.16-6.22) melamine market was weak. Recently, the price of raw material urea fell mainly, the cost support weakened, and the overall inventory of melamine on the supply side was high. However, the demand-side follow-up was still insufficient, the company's shipments were not smooth, the market trading atmosphere was weak, and the focus of the melamine market discussion fell.
Upstream urea, the domestic urea market rose slightly on June 22. On June 22, the reference price of urea was 3,095.00 RMB/ton, a decrease of 3.31% compared with June 1 (3,201.00 RMB/ton). From the perspective of supply: some manufacturers plan to overhaul recently, the daily production of urea has dropped slightly, and the supply is relatively insufficient.
Market outlook
The melamine analyst of SunSirs believes that the current price of raw material urea has risen slightly, the cost support is limited, and the melamine operating rate is high, but the demand side is weak. It is expected that in the short term, the melamine market may be stable and weak.
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- 2024-04-12 SunSirs: Demand Was Insufficient and the Melamine Market Was Operating under Pressure
- 2024-04-07 SunSirs: Poor Demand Led to a Decline in Melamine Prices
- 2024-04-01 SunSirs: The Supply-demand Contradiction Had Emerged, and the Price of Melamine Fell in March
- 2024-03-22 SunSirs: The Melamine Market Was Weak and Stable, with Cautious Atmosphere
- 2024-03-05 SunSirs: Insufficient Demand Led to a Decline in the Market Price of Melamine
