SunSirs: The Melamine Market Was Mainly Stable (November 14-17)
November 18 2022 13:08:52 SunSirs (John)
Price trend
According to the monitoring sample data of SunSirs, as of November 17, the average price of melamine of melamine enterprises was 8,300.00 RMB/ton, which was the same as the price on Monday, and increased by 0.40% compared with the price on November 1.
Analysis review
This week, the melamine market was dominated by stability and consolidation. From the perspective of cost, the price of raw material urea was high recently, and the cost support was still strong, supporting the manufacturers' attitude of price support. From the supply and demand side, the operating rate of the melamine market increased compared with the early stage, and local transportation was limited. The demand side performance was average. The market transaction was just in demand mainly, and the mentality of the industry was insufficient.
According to the monitoring data of SunSirs, the reference price of upstream urea was 2,654.00 RMB/ton on November 16, an increase of 5.91% compared with the price on November 1 (2,506.00 RMB/ton).
Market outlook
Melamine analysts from SunSirs believe that the current cost support still exists, and the industry's operating rate is high, but the demand side follow-up is weak and downstream procurement is mainly on demand. It is expected that the melamine market may be stable in the short term, and more attention should be paid to the changes in raw material prices.
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
