Market Trends

Last week, the domestic melamine market generally exhibited a trend of "weak stabilization and narrow-range fluctuation." According to monitoring data from SunSirs, market prices—following a period of sustained decline—entered a phase of sideways consolidation last week, with both bullish and bearish forces maintaining a state of weak equilibrium.

Price Trend Analysis

According to the price trend charts and data tables from SunSirs:

At the beginning of last week (May 25), the price stood at 6,150 RMB/ton; it subsequently dipped slightly to 6,137.5 RMB/ton (May 27–28) before ultimately closing at 6,125.00 RMB/ton (May 31). Intra-week volatility was minimal, with the largest single-day decline amounting to a mere 0.20%; during the latter half of the week (May 29–31), prices remained completely flat, recording a daily change of 0.00%. This indicates that selling pressure in the market has subsided, yet buying interest remains cautious; consequently, light trading volume has left prices lacking a clear directional trend.

Comprehensive Conclusions and Market Outlook

The market is expected to remain relatively stable next week. Lacking any major positive catalysts, it is highly likely to fluctuate within a narrow range of 6,100–6,150 RMB/ton.

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