SunSirs: Demand Was Insufficient and Melamine Market Was Weak
March 16 2023 11:12:11 SunSirs (John)
Price trend
According to the monitoring sample data of SunSirs, the average price of melamine in melamine enterprises was 8,125.00 RMB/ton as of March 14, down 1.22% from the price on last Friday (March 10).
Analysis review
The melamine market had declined recently. Recently, the market of raw material urea had declined slightly, but the cost side still had support. Some devices in the supply side fluctuated, and the manufacturers executed the early orders in an orderly manner. However, the follow-up of new orders in the market was insufficient, the enthusiasm of downstream procurement was not high, the market mentality was under pressure, and the focus of melamine market negotiation was weaker.
For upstream urea, the domestic urea market was temporarily stable on March 14. On March 13, the reference price of urea was 2,822.50 RMB/ton, down 0.24% from that of March 1 (2,829.38 RMB/ton).
Market outlook
Melamine analysts from SunSirs believe that the current cost support is general, the supply and demand support is weak, and the operators are not in a good mood. It is expected that the melamine market will be weakly sorted out in the short term, and more attention should be paid to market information guidance.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
- 2024-04-22 SunSirs: The Market of Melamine Was Stable and Consolidated (April 15-19)
- 2024-04-12 SunSirs: Demand Was Insufficient and the Melamine Market Was Operating under Pressure
- 2024-04-07 SunSirs: Poor Demand Led to a Decline in Melamine Prices
- 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
