SunSirs: The Price of Melamine Was Mainly Stable, with a Stronger Atmosphere (December 11-15)
December 18 2023 15:13:53 SunSirs (John)
Price trend
This week, the melamine market was mainly stable, with a strong market atmosphere. According to the Commodity Market Analysis System of SunSirs, as of December 15th, the average price of melamine enterprises was 7,250.00 RMB/ton, which was unchanged from Monday's price.
Analysis review
Cost side: According to the analysis system chart of the commodity market in SunSirs, the reference price for urea on December 14th was 2,567.50 RMB/ton, a decrease of 1.31% compared to December 1st (2,601.67 RMB/ton). Recently, the raw material urea market had been consolidating narrowly, and the cost was facing significant support from the melamine market.
Supply and demand side: As of December 15th, the production of melamine on the supply side was at a high level, and downstream demand was being replenished in an appropriate amount. Purchasing in the market was active, and melamine enterprises had sufficient advance orders. The demand side support was strong, and the trading atmosphere in the melamine market had improved.
Market outlook
Melamine analysts from SunSirs believe that under the support of recent costs and demand, the melamine market was operating steadily with a stronger atmosphere. Enterprises were mainly executing pending orders in an orderly manner. It is expected that the melamine market may continue to operate steadily with a stronger atmosphere in the short term, and more attention still needs to be paid to changes in raw material urea prices and enterprise operating conditions.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
- 2024-05-06 SunSirs: The Market Price of Melamine Fell in April
- 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
