SunSirs: Supply Increased, and the Melamine Market Was Stable and Weaker
September 22 2023 09:46:37 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of September 21, the average price of melamine enterprises was 7,350.00 RMB/ton, a decrease of 0.68% compared to Monday's price.
Analysis review
According to the Commodity Market Analysis System of SunSirs, the melamine market was stable and weaker as of this week. Recently, the price of raw material urea slightly increased, with some companies resuming production and increasing market supply. However, downstream inquiries had a moderate enthusiasm, mainly focusing on just in demand procurement. The market trading atmosphere was flat, and the mentality of operators was insufficient. Some holders had lowered prices to attract orders. The focus of negotiations in the melamine market was stable and weaker. As of September 21st, the average price of melamine from melamine enterprises was 7,350.00 RMB/ton, a decrease of 0.68% compared to Monday's price.
Upstream urea: According to the Commodity Market Analysis System of SunSirs, the reference price of urea on September 20th was 2,641.67 RMB/ton, a decrease of 0.75% compared to September 1st (2,661.67 RMB/ton), which still provided support for the melamine market.
Market outlook
Melamine analysts from SunSirs believe that as of September 21, supply and demand support was weak, and the atmosphere for new orders in the market was weak. It is expected that in the short term, the melamine market may be weak, stable and sorted out, 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
