SunSirs: The Melamine Market Rose First and Then Fell in September (September 1-26)
September 28 2023 14:04:18 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of September 26th, the average price of melamine from melamine enterprises was 7,350.00 RMB/ton, an increase of 0.68% compared to September 1st.
Analysis review
The melamine market rose first and then fell in September. At the beginning of the month, the market price of raw material urea rose, enterprises had ample orders to be issued. The industry's capacity utilization rate was below 60%, and the supply was tight. With the support of costs and supply, the price of melamine rose and ran at a high level. Downstream was mainly wait-and-see and followed up just in needed. In the mid and late September, downstream demand was weak, new orders in the market were not good, some enterprises resumed production, market supply increased, and the mentality of operators was insufficient. Holders lowered prices to attract orders, and the focus of negotiations in the melamine market weakened.
Upstream urea, according to the Commodity Market Analysis System of SunSirs, the reference price for urea on September 25th was 2,630.00 RMB/ton, a decrease of 1.19% compared to September 1st (2,661.67 RMB/ton).
Market outlook
Melamine analysts from SunSirs believe that as of September 26th, the raw material urea market declined, cost support was weak, supply increased, and downstream demand was flat. It is expected that in the short term, the melamine market may operate in a weak manner, 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
