SunSirs: Adequate Supply, Melamine Market Was Stable and Weak
November 27 2023 11:19:52 SunSirs (John)
Price trend
This week, the market price of melamine remained stable, with some companies lowering their prices. According to the Commodity Market Analysis System of SunSirs, as of November 24th, the average price of melamine enterprises was 7,325.00 RMB/ton, which was unchanged compared to Monday's price.
Analysis review
Cost side: According to the analysis system chart of the commodity market of SunSirs, the market price of raw material urea haf slightly increased recently, and there ess some support for the cost side in the melamine market. On November 23rd, the reference price for urea was 2,606.67RMB/ton, an increase of 3.03% compared to November 1st (2,530.00RMB/ton).
Supply and demand side: The utilization rate of melamine production capacity was at a high level, with sufficient market supply and weak domestic downstream demand. The enthusiasm for inquiry procurement was average, with low demand procurement as the main choice, and export order support was acceptable. Enterprises mainly shipped early orders in an orderly manner, and the market atmosphere was flat.
Market outlook
The melamine analyst from SunSirs believes that the cost support was limited, and some devices on the supply side may resume operation. The market as expected to see an increase in supply, and downstream demand was lackluster. The mentality of the industry was insufficient, and it is expected that the melamine market will continue to operate weakly and steadily in the short term. More attention should 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
