Price trend

The melamine market had declined this week. According to the Commodity Market Analysis System of SunSirs, as of January 12th, the average price of melamine enterprises was 7,450.00 RMB/ton, a decrease of 0.33% compared to Monday's price.

Analysis review

Cost side: According to the analysis system chart of the commodity market in SunSirs, the reference price of urea on January 11th was 2,470.00RMB/ton, a decrease of 0.6% compared to January 1st (2,485.00RMB/ton). Recently, the market price of raw material urea had declined, and the cost support from the melamine market was weak.

Supply and demand side: Recently, the industry's capacity utilization rate had been around 70%, and downstream buying enthusiasm had slowed down. The market atmosphere was flat, and the mentality of the industry was insufficient. The focus of negotiations in the melamine market had declined under pressure.

Market outlook

SunSirs' melamine analyst believes that the cost support was insufficient, the industry was operating at a high level, and demand was weak. It is expected that in the short term, the melamine market may experience weak consolidation and operation, and more attention should be paid to market news guidance.

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