The mainstream market price of melamine rebounded from a low level last Wednesday. Some companies raised their quotations by 50-100 RMB/ton, but the transaction was mainly based on rigid demand, and there was great resistance to high-price transactions.

As of May 14, the benchmark price of melamine in SunSirs was 5987.50 RMB/ton, up 1.05% from the beginning of this month (5925.00 RMB/ton).

1. Supply and demand balance

Stable supply: The operating rate of production enterprises remained at a normal level, there was no large-scale maintenance or new capacity release, and there was no obvious fluctuation on the supply side.

Stable demand: Downstream industries such as panels, coatings, and plastics purchased on demand, and there was no centralized stocking or significant reduction in orders, and the demand side supported stability.

2. Raw material prices

The price of the main raw material urea has risen recently, and the production costs of enterprises have changed significantly, supporting the stability of melamine prices.

As of May 14, the benchmark price of urea in Sino-Sino was 1945.00 RMB/ton, up 3.73% from the beginning of this month (1875.00 RMB/ton).

3. Reasonable inventory

The inventory of manufacturers and traders is in the normal range, with no obvious backlog or shortage, and the contradiction between market supply and demand has eased.

4. Stable international market

Export orders remain normal, overseas demand has not fluctuated significantly, and the export market has formed a bottoming effect on domestic prices.

5. Policy and market expectations

There have been no major adjustments to environmental protection and production safety policies, and the production environment of enterprises is stable; market participants have neutral expectations for the future market, and speculative transactions have decreased.

Future focus:

Raw material price trends: If raw materials such as urea fluctuate significantly, the cost balance may be broken.

Downstream demand changes: The prosperity of terminal industries such as real estate and furniture affects long-term demand.

Export dynamics: The international trade environment and shipping costs may affect export orders.

Policy risks: Environmental protection restrictions or energy policy adjustments may disrupt supply.

In summary, the current market is stabilizing under the balance of multiple factors, but attention should be paid to the impact of potential variables on subsequent market conditions. It is recommended that companies maintain reasonable inventory and pay attention to cost and demand-side signals.

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