SunSirs: The Market Price of Melamine Rose (August 9-16)

Price trend

According to the monitoring sample data of SunSirs, as of August 16, the average price of melamine in melamine enterprises was 7,766.67 RMB/ton, an increase of 7.37% compared with the price of last Tuesday (August 9), a decrease of 2.51% compared with the price on July 16, and a decrease of 24.60% in a three-month cycle. .

Analysis review

Recently (8.9-8.16) the melamine market conditions stabilized first and then rose. Recently, the market price of raw material urea fluctuated slightly, and the impact on the cost side was limited. On the supply side, companies in some areas stopped or reduced production, and market supply was reduced. The supply side supported the increase in the price of melamine, and the downstream just needed to purchase mainly, and the demand side was light.

Upstream urea, the domestic urea market rose on August 15, the upstream anthracite and natural gas prices were low, and the cost support was general. From the demand side: agricultural demand has basically ended, and industrial demand has increased. The rubber sheet factory started at a low level, and the purchase was mainly just in need, and the compound fertilizer factory followed up on dips. The price of melamine has been consolidated at a low level, and the enthusiasm for purchasing urea is general. From the perspective of supply: some manufacturers have begun to overhaul, and the daily output of urea is about 150,000 tons.

Market outlook

The melamine analyst of SunSirs believes that the current cost support is general. The operating rate of the melamine market has declined, which supports the strong operation of the market. However, the downstream demand is flat and the market mentality is still cautious. It is expected that the melamine market may be strong and wait-and-see in the short term, and more attention should be paid to market news guidelines.

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