SunSirs: Melamine Market Was Stable and Under Pressure (December 1-6)
December 07 2022 10:39:36 SunSirs (John)
Price trend
According to the monitoring sample data of SunSirs, the average price of melamine of melamine enterprises as of December 6 was 8,333.33 RMB/ton, which was the same as the price on December 1 and increased by 0.81% compared with the price on November 6.
Analysis review
Recently, the melamine market was mainly stable, and some high-end prices were downward under pressure. From the perspective of cost, the raw material urea market was weak recently, and the cost support was weakened. From the supply and demand side, the operating rate of melamine was high, but the demand side was weak, and it was followed up just on rigid demand. Some enterprises cut prices to attract orders, and the focus of the melamine market negotiation price was stable with falls.
For upstream urea, the domestic urea market was temporarily stable on December 6. On December 5, the reference price of urea was 2,786.00 RMB/ton, a decrease of 0.43% compared with that of December 1 (2,798.00 RMB/ton).
Market outlook
Melamine analysts from SunSirs believe that there is still some support on the cost side. The supply side starts at a high level, but the demand side does not follow up enough. The market atmosphere is light. It is expected that in the short term, the melamine market will be weak and stable. More attention should be paid to the market news guidance.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
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