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SunSirs: The Melamine Market Was Mainly Stable (November 7-11)
November 14 2022 10:45:12SunSirs(John)

Price trend

According to the monitoring sample data of SunSirs, the average price of melamine enterprises as of November 11 was 8,233.33 RMB/ton, down 0.40% compared with the price on Monday, and unchanged compared with the price on October 11..

Analysis review

This week, the quotation of enterprises in the melamine market was mainly stable, and the quotation of some enterprises was adjusted. From the perspective of cost, the price of raw material urea rose recently, and the cost support for melamine strengthened. From the perspective of supply and demand, the overall operating rate of the melamine market was relatively high. Domestic downstream procurement was mainly based on demand, local transportation was limited, and the market trading atmosphere was general.

According to the monitoring data of SunSirs, the reference price of upstream urea was 2,584.00 on November 10, an increase of 3.11% compared with the price on November 1 (2,506.00).

Market outlook

Melamine analysts from SunSirs believe that the current cost support is strong, the supply side operation rate is high, the demand side performance is average, and the market transaction is just mainly on demand. It is expected that in the short term, the melamine market will be mainly stable, waiting and watching, and more attention should be paid to changes in raw material prices.

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

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