Price trend

According to the monitoring sample data of SunSirs, the average price of melamine for melamine enterprises was 8,266.67 RMB/ton as of December 21, a decrease of 0.81% compared with that of last Thursday (December 15).

Analysis review

Recently, the melamine market was stable and fluctuated slightly, and the enterprise's quotation was mainly stable, with both rising and falling. From the perspective of cost, the market price of raw material urea declined recently, and the cost support weakened. From the perspective of supply and demand, the operating rate of melamine market was high, the domestic downstream demand was weak, procurement was based on demand, the market trading atmosphere was general, and some enterprises' export orders were acceptable.

For upstream urea, the domestic urea market fell on December 21. On December 20, the reference price of urea was 2,758.00 RMB/ton, down 1.43% compared with the price on December 1 (2,798.00 RMB/ton).

Market outlook

Melamine analysts from SunSirs believe that at present, the price of raw material urea is weak, the cost support is weak, and the market operation rate is high. However, the domestic downstream demand is average, the market atmosphere is flat, and the wait-and-see atmosphere is strong. It is expected that the melamine market will operate weakly and stably in the short term, and more attention should be paid to the changes in raw material prices.

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