Price trend

According to the Commodity Market Analysis System of SunSirs, as of January 29th, the average price of melamine enterprises was 7,475.00 RMB/ton, which was unchanged from the price on January 1st.

Analysis review

The market price of melamine remained stable and fluctuated in January. In the first half of the month, the price of raw material urea decreased, cost support weakened, and the industry's capacity utilization rate was around 70%. Downstream buying enthusiasm slowed down, with rigid demand mainly following up. The market atmosphere was flat, and some companies lowered prices to attract orders. In the second half of the month, the cost impact was average, with some companies shutting down their equipment for maintenance. As downstream stocking gradually followed up, manufacturers still received orders, and dealers flexibly quoted prices based on their own situation. Some companies raised prices, and towards the end of the month, the market remained stable and wait-and-see, with a general market atmosphere.

According to the commodity market analysis system of SunSirs, the reference price of urea on January 26th was 2,416.67 RMB/ton, a decrease of 2.75% compared to January 1st (2,485.00 RMB/ton).

Market outlook

Melamine analysts from SunSirs believe that as of January 29th, the impact of melamine fundamentals is limited, and companies mainly execute advance orders. It is expected that the melamine market will remain stable in the short term, and more attention should be paid to market news guidance.

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