SunSirs: The Melamine Market Fluctuated in a Narrow Range in February

Price trend

According to the monitoring sample data of SunSirs, the average price of melamine in melamine enterprises was 8,325.00 RMB/ton as of February 28, up 1.11% from that of February 1.

Analysis review

The melamine market operated in a narrow range in February. In the first ten days, the price of raw material urea rose slightly, and the cost support was obvious, which supported the price increase mentality of enterprises. The supply side increased slightly, the export order was generally received, the domestic downstream demand was weak, the market atmosphere was flat, and the quotations of enterprises were mainly stable, and the rise and fall were mixed. In the middle of February, the cost support was general, some devices at the supply side resumed production, and the supply side was abundant, but the demand side did not follow up enough, the contradiction between supply and demand was prominent, the high-end market negotiations were weak after the rise, and the melamine market was weak. In late February, the price of raw material urea rose, the cost support increased, and some enterprises in the early stage reduced the price to absorb orders. The market pressure eased, and the low-end price rose slightly. The demand side follow-up was still just in needed, and the market atmosphere was general.

According to the monitoring data of SunSirs, the reference price of urea on February 27 was 2,817.00 RMB/ton, up 1.15% from that of February 1 (2,785.00 RMB/ton).

Market outlook

Melamine analysts from SunSirs believe that as of the 28th, the cost support still existed, and the enterprises mainly implemented advance orders, and the market atmosphere was fair. It is expected that in the short term, the melamine market may be wait-and-see and sorted, 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