SunSirs: Under the Support of Cost and Supply, the Price of Melamine Increased
September 06 2023 09:38:40 SunSirs (John)
Price trend
The market price of melamine had increased since September. According to the Commodity Market Analysis System of SunSirs, as of September 4th, the average price of melamine of enterprises was 7,425.00 RMB/ton, an increase of 1.71% compared to September 1st.
Analysis review
Supply and demand side: pending orders were abundant, supply was tight
Recently, some devices were shut down for maintenance, and the production capacity utilization rate of the melamine industry was below 60%. Enterprises mainly shipped early orders in an orderly manner, and sales were currently not under pressure. Downstream was wait-and-see and followed up in needed and the melamine market was running strong.
Cost side: the price of raw material urea was high, cost support was strong
Recently, the market price of raw material urea had risen. According to the Commodity Market Analysis System of SunSirs, the reference price of urea on September 4th was 2,678.33 RMB/ton, which was 0.63% higher than that on September 1st (2,661.67 RMB/ton).
Market outlook
Melamine analysts from SunSirs believe that as of September 5th, costs were high and companies were moving smoothly. It is expected that the melamine market may be stronger 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.
- 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
