SunSirs: Melamine Market Was Weak (December 8-13)
December 15 2022 13:31:34 SunSirs (John)
Price trend
According to the sample data monitored by SunSirs, the average price of melamine of melamine enterprises was 8,266.67 RMB/ton as of December 13, a decrease of 0.80% compared with the price on last Thursday (December 8).
Analysis review
Recently, the melamine market was weak. From the perspective of cost, the raw material urea market rose after the fall recently, and the cost support rose from a weak level, supporting the market mentality of price-supporting. From the supply and demand side, the operating rate of the melamine market was high, but the demand side was low, the follow-up of new orders was insufficient, the enterprise sales were under pressure, and the negotiation focus of the melamine market fell.
For upstream urea, the domestic urea market rose on December 13. On December 13, the reference price of urea was 2,756.00 RMB/ton, a decrease of 1.5% compared with that of December 1 (2,798.00 RMB/ton).
Market outlook
Melamine analysts from SunSirs believed that, as of the 13th, the price of raw material urea was strong and the cost pressure was rising, but the supply and demand support was weak. It was expected that the melamine market would be weak and stable in the short term, and more attention should be paid to the change of raw material price.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
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- 2024-04-12 SunSirs: Demand Was Insufficient and the Melamine Market Was Operating under Pressure
