SunSirs: Melamine Market Price Fell (July 11-15)

Price trend

According to the monitoring sample data of SunSirs, as of July 15, the average price of melamine of enterprises was 8,000.00 RMB/ton, down 9.09% compared with Monday's price, and down 14.50% compared with June 15. The price fell by 28.78% in a three-month cycle..

Analysis review

The polyamine market fell on Wednesday. Recently, the price of raw material urea was mainly weak, and the cost support was insufficient. The inventory of enterprises was still under pressure, the downstream demand was sluggish, and the follow-up of melamine was insufficient. The market supply and demand was unbalanced, and the manufacturers who hold the goods mainly focused on shipments and negotiated with profits-cutting. The focus of the melamine market had declined.

Upstream urea, the domestic urea market rose on July 15. Upstream anthracite and natural gas prices were low and consolidated, and the cost support was general. From the perspective of demand: the agricultural demand was general, and the industrial rigid demand was the main. The agricultural demand in some areas followed up in a moderate amount. Compound fertilizer and plywood factories had general start rate, mainly purchasing just in need, and the price of melamine wa consolidated at a low level, and the enthusiasm for purchasing urea was generally average. From the perspective of supply: some manufacturers began to overhaul, and the daily output of urea was below 150,000 tons.

Market outlook

The melamine analyst of SunSirs believes that the price of raw material urea has risen, and the cost support has increased slightly, but the contradiction between supply and demand still exists, and the market atmosphere is general. It is expected that in the short term, the melamine market will be stable and wait-and-see operation.

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