Price trend

According to the monitoring sample data of SunSirs, as of August 22, the average price of melamine enterprises was 8,400.00 RMB/ton, an increase of 8.15% compared with the price of last Wednesday (August 17), and an increase of 4.13% compared with the price of July 22. It fell by 17.44% in a three-month cycle.

Analysis review

The recent (8.17-8.22) melamine market rose. Recently, the market price of raw material urea dropped slightly, the cost support was general. the operating rate of melamine declined, the market supply decreased, and the market mentality has been supported. The price rose with the trend, but the actual downstream demand was general, and the just-needed purchase was the main.

Upstream urea, the domestic urea market fell on August 22. According to the monitoring data of SunSirs, on August 22, the reference price of urea was 2,326.00 RMB/ton, a decrease of 3.41% compared with that on August 1 (2,408.00 RMB/ton).

Market outlook

The melamine analyst of SunSirs believes that the current cost support is limited, and the supply reduction drives the price increase, but the demand side performance is not good. After the rise, the market has a strong wait-and-see atmosphere, and more purchases are based on demand. It is expected that in the short term, the market conditions of melamine may be adjusted within a narrow range, and more attention should be paid to market news guidance.

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