SunSirs: The Melamine Market Was Stable and Sorting Out (August 15-21)
August 23 2023 09:34:56 SunSirs (John)
Price trend
Recently, the melamine market was stable and sorting out. According to the Commodity Market Analysis System of SunSirs, as of August 21, the average enterprises price of melamine was 7,050.00 RMB/ton, which was unchanged from last Tuesday (August 15) and a decrease of 9.23% compared to the same period last year.
Analysis review
Supply and demand side: Recently, some devices on the supply side were shut down for maintenance, and the production capacity utilization rate of the melamine industry decreased. The tight supply had provided some support for the market, and downstream follow-up was mainly on demand. Melamine prices had stabilized and sorted out. On the 21st, the mainstream factory prices of enterprises in East China were around 7,600 to 7,700 RMB/ton.
Cost side: Recently, the market price of raw material urea was operating at a high level. According to the Commodity Market Analysis System of SunSirs, on August 21, the reference price of urea was 2,640.00 RMB/ton, which increased by 0.65% compared to August 1 (2,622.86 RMB/ton). The cost side had strong support for the melamine market, supporting the enterprise's price supportive mentality.
Market outlook
Melamine analysts from SunSirs believe that as of August 21, both cost and supply had support, and downstream purchases were made on demand. It is expected that the melamine market may be strong in the short term, 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.
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- 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
