SunSirs: Melamine Market Rose (September 2-7)
September 08 2022 14:09:07 SunSirs (John)
Price trend
According to the monitoring sample data of SunSirs, as of September 7, the average price of melamine in melamine enterprises was 8,066.67 RMB/ton, an increase of 1.68% compared with the price of last Friday (September 2), an increase of 11.52% compared with the price on August 7, and a decrease of 16.55% in a three-month cycle. .
Analysis review
The recent (9.2-9.7) melamine market rose. Last Friday (September 2), the melamine market atmosphere was general, and the downstream was mainly wait-and-see. With the rising price of raw material urea, the cost support increased. In terms of demand, some enterprises can receive export orders, and domestic trade purchases were based on demand. This Monday (September 5) the price of melamine increased. The melamine market was running strongly, with obvious support from the cost side.
Upstream urea, the domestic urea market rose on September 7. According to the monitoring data of SunSirs, on September 6, the reference price of urea was 2,501.00 RMB/ton, an increase of 4.21% compared with September 1 (2,400.00 RMB/ton).
Market outlook
The melamine analyst of SunSirs believes that the current price of raw material urea is rising, and the cost-side support continues to strengthen. In addition, it is heard that there are maintenance plans for some melamine plants. There are good expectations for the demand in gold September and silver October. It is expected that in the short term, the melamine market may be stable and strong, and more attention should be paid to market news guidelines.
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