SunSirs: The Melamine Market Was Mainly Stable (October 16-20)
October 23 2023 14:55:46 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of October 20th, the average price of melamine enterprises was 7,175.00 RMB/ton, which was unchanged compared to Monday's price.
Analysis review
The melamine market was mainly stable this week, with partial price adjustments. Recently, the price of raw material urea had been mainly stable, with acceptable cost support. Some devices on the supply side had fluctuated, and enterprises mainly executed preliminary orders. Some enterprises had good export orders, supporting the industry's attitude of price supportive. The domestic downstream demand was average, and market transactions were mainly in demand. The focus of negotiations in the melamine market was mainly on stability.
Upstream urea: According to the Commodity Market Analysis System of SunSirs, the domestic urea market price had temporarily stabilized recently. On October 19th, the reference price for urea was 2,520.00 RMB/ton, a decrease of 1.37% compared to October 1st (2,555.00 RMB/ton).
Market outlook
Melamine analysts from SunSirs believe that as of October 20th, there was some support in the cost sides, downstream procurement was mainly on demand and orders waiting for enterprises to be issued was sufficient. It is expected that in the short term, the melamine market may be stable and stronger, with more attention 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
