SunSirs--China Commodity Data Group

Sign In

Join Now

Contact Us

Home > Melamine News > News Detail
Melamine News
SunSirs: Melamine Market Prices Fell in July
July 29 2022 14:05:19SunSirs(John)

Price trend

According to the monitoring sample data of SunSirs, as of July 28, the average price of melamine of enterprises was 7,233.33 RMB/ton, down 21.66% from the price on July 1, and down 28.85% in a three-month cycle.

Analysis review

The melamine market fell in July. In the first half of the month, the price of raw material urea fell, and the cost support was insufficient. Some enterprises had equipment repairs, but the demand was weak, the melamine inventory was under pressure, and the market supply and demand were out of balance. The mentality of the stockholders is mainly to make profit-cutting in order to ship, and the focus of the melamine market discussion fell. In the second half of the month, the raw material urea rose slightly and then fell, and the cost support was weak. After the price of melamine fell to a low level, the market trading atmosphere improved, the inventory pressure of some companies eased, and the market price was stable with a slight increase. However, there was no obvious improvement in terminal demand, and enterprises mostly executed advance orders. Near the end of the month, the price of raw material urea fell, and the market mentality was insufficient, and the prices of some enterprises were lowered.

Upstream urea, the domestic urea market fell on July 28. On July 27, the reference price of urea was 2,430.00 RMB/ton, a decrease of 19.91% compared with the price on July 1 (3,034.00 RMB/ton).

Market outlook

The melamine analyst of SunSirs believes that the current raw material urea market is running weakly, the cost support is weakened, the market operating rate has declined, and more pre-orders are executed, but the demand side has not improved significantly. It is expected that in the short term, the melamine market may be weak and stable, 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

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products