SunSirs: The Melamine Market Was Stable and Sorted out (January 9-13)
January 16 2023 14:12:20 SunSirs (John)
Price trend
According to the monitoring sample data of SunSirs, the average price of melamine enterprises was 8,233.33 RMB/ton as of January 13, which was the same as the price on Monday.
Analysis review
This week, the melamine market was stable and sorted out. Recently, the market price of raw material urea rose slightly, and the cost had certain support. Some units were under maintenance, the operating rate of the melamine industry was at a low level, and the export order was acceptable, which supported the enterprise's attitude of price supporting. The domestic downstream stock mentality was general, the market atmosphere was flat, and the price of melamine was stable and fluctuated slightly.
For upstream urea, the domestic urea market rose on January 13. On January 12, the reference price of urea was 2,744.00 RMB/ton, up 1.7% from January 1 (2,698.00 RMB/ton).
Market outlook
Melamine analysts from SunSirs believe that at present, the cost support still exists, and the supply and demand support is still acceptable. With the coming of the Spring Festival holiday, the terminal factories are going on holiday one after another, and the market turnover is gradually slowing down. It is expected that in the short term, the melamine market will be mainly stable, and more attention should be paid to the market information guidance.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
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- 2024-04-01 SunSirs: The Supply-demand Contradiction Had Emerged, and the Price of Melamine Fell in March
- 2024-03-22 SunSirs: The Melamine Market Was Weak and Stable, with Cautious Atmosphere
- 2024-03-05 SunSirs: Insufficient Demand Led to a Decline in the Market Price of Melamine
