SunSirs: The Melamine Market Operated to Be Weaker (April 3-7)
April 10 2023 13:53:25 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of April 7th, the average price of melamine from melamine enterprises was 7,875.00 RMB/ton, a decrease of 0.32% compared to Monday's price
Analysis review
The melamine market declined this week. Recently, the raw material urea market had been operating weakly, cost support was weakened. Some devices had been shut down for maintenance, resulting in a slight decrease in the utilization rate of melamine production capacity. However, the performance of domestic demand was still poor, the contradiction between supply and demand in the market continued, and the mentality of operators was insufficient. The focus of negotiations in the melamine market had declined under pressure.
Upstream urea, according to the Commodity Market Analysis System of SunSirs, the domestic urea market had recently declined. On April 6th, the reference price of urea was 2,711.25 RMB/ton, a decrease of 2.39% compared to April 1st (2,777.50 RMB/ton).
Market outlook
Melamine analysts from SunSirs believe that the recent decline in raw material urea prices has resulted in insufficient cost support, coupled with the ongoing supply-demand contradiction in the market. It is expected that in the short term, the melamine market may be in weak consolidation and operation, and more attention needs to be paid to market news guidance.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-05-17 SunSirs: High Cost, Weak Demand, the Melamine Market Was Stable and Sorting out
- 2024-05-13 SunSirs: The Melamine Market Was Mainly Stable, and the Atmosphere Was Average
- 2024-05-06 SunSirs: The Market Price of Melamine Fell in April
- 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
