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SunSirs: On December 11, Melamine Market Was Stable Temporarily

December 13 2019 10:37:06     SunSirs (John)

Price trend

According to the data of SunSirs, the market price of melamine was temporarily stable as of December 11, which was the same as that of December 10. On December 11, the mainstream price of melamine in China was 5,200-5,600 RNB/ton.

 

Analysis review        

Product: The domestic melamine market price was temporarily stable on November 11. At present, some melamine enterprises stop for maintenance, but the downstream demand is general, the market is mainly stable, and the operators are cautious. At present, the mainstream price of melamine market in Xinjiang is around 4,900 RNB/ton; the mainstream price of melamine market in Sichuan is around 5,400 RNB/ton; the mainstream price of melamine market in Henan is around 5,600 RNB/ton; The main quotation of melamine market in Shandong is around 5,600 RNB/ton.

Industrial chain: The ex factory price (12.1-12.11) of upstream urea in Shandong increased by 1.09%. The upstream liquid ammonia price (12.1-12.11) rose by 5.97%. Downstream papermaking, board, molding plastics and other industries have general demand, and the delivery and investment atmosphere is flat.

 

Market outlook

Analysts of melamine of SunSirs believe that the recent rise in the prices of liquid ammonia and urea, the raw materials, is a good support for the cost of melamine. The melamine operation rate has declined, but the downstream demand is flat, and it is expected that the melamine market will be mainly stable in the short term.

 

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

 

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