SunSirs: The Melamine Market Was Mainly Stable (January 3-6)
January 09 2023 14:21:03 SunSirs (John)
Price trend
According to the monitoring sample data of SunSirs, as of January 6, the average price of melamine in the enterprise was 8,233.33 RMB/ton, which was the same as the price on Tuesday (January 3), and decreased by 1.20% compared with the price on December 6, 2022 (the reference price of melamine was 8,333.33 RMB/ton).
Analysis review
This week, the melamine market is mainly stable. Recently, the raw material urea market rose slightly, the cost support increased, the operating rate of the melamine market declined, and the output shrank slightly. In addition, with export support, enterprises were not willing to offer at low prices, but domestic downstream demand was not good, and procurement was mainly sporadic and rigid. The market trading atmosphere was stalemate, and prices were stable and fluctuated.
For upstream urea, the domestic urea market rose on January 6. On January 5, the reference price of urea was 2,725.00 RMB/ton, up 1% compared with the price on January 1 (2,698.00 RMB/ton).
Market outlook
Melamine analysts from SunSirs believed that the price of raw material urea rose, the cost support was strengthened, the industry's operating rate was low, and export orders were good, which had some support for the melamine market. However, the follow-up of downstream demand was insufficient, and the enthusiasm for centralized stocking was not high. It is expected that in the short term, the market situation of melamine may become stalemate, and more attention should be paid to the market news guidance.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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