Price trend

According to the monitoring sample data of SunSirs, as of June 28, the average price of melamine of enterprises was 9,533.33 RMB/ton, down 4.43% from the price on June 1, and down 20.11% in a three-month cycle.

Analysis review

The melamine market fell in June. In the first half of the month, the price of raw material urea mainly rose, and the cost side had certain support for melamine. The operating rate of melamine increased, but the demand side was light, the sales of enterprises were under pressure, the supply and demand pattern was weak, the market trading atmosphere was flat, and the price of melamine fell. In the second half of the month, the price of raw material urea fell, the cost support gradually weakened, the supply of melamine was sufficient, and the demand for follow-up was still insufficient. The company's shipments were not smooth, the market trading atmosphere was sluggish, and the melamine market was running weakly.

Upstream urea, the domestic urea market was temporarily stable on June 28. On June 27, the reference price of urea was 3,103.00 RMB/ton, a decrease of 3.06% compared with the price on June 1 (3,201.00 RMB/ton).

Market outlook

The melamine analyst of SunSirs believes that the current price of raw material urea is temporarily stable, the cost support still exists, the downstream demand is deserted, and the market mentality is sluggish. It is expected that in the short term, the melamine market may run weakly and steadily, and more attention should be paid to market news guidance.

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