SunSirs: The Melamine Market Was Stable with Adjustment (April 17-21)
April 23 2023 10:13:08 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of April 21, the average price of melamine enterprises was 7,725.00 RMB/ton, an increase of 0.32% compared to Monday's price.
Analysis review
The melamine market was mainly stable this week, with some companies adjusting their prices. Recently, the raw material urea market had slightly declined, and cost support was weakened. Some devices on the supply side were shut down for maintenance, market supply reduced, supporting some companies to raise prices. The enthusiasm for downstream inquiries slightly improved, and companies were mainly selling in an orderly manner.
Upstream urea, according to the Commodity Market Analysis System of SunSirs, had recently seen a slight decline in the domestic urea market. On April 20th, the reference price for urea was 2,687.50, a decrease of 3.24% compared to April 1st (2,777.50).
Analysis review
Melamine analysts from SunSirs believe that the price of raw material urea was weak recently, cost support was insufficient and the capacity utilization rate declined, but actual demand is still average. It is expected that in the short term, the melamine market may stabilize and consolidate, with more attention paid to downstream pre holiday stocking situation
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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- 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
