Price trend

According to the monitoring sample data of SunSirs, the average price of melamine in melamine enterprises was 8,233.33 RMB/ton as of January 30, which was the same as that of January 1.

Analysis review

In January, the melamine market was mainly stable, and it was sorted and operated. In the first ten days, the market price of raw material urea rose slightly, the cost support increased, the operating rate of melamine market declined, and the export support made the enterprise's mentality of low price shipment weak, but the domestic downstream demand performance was poor, the market trading atmosphere was stagnant, and the price was stable and fluctuated. In the middle of January, there was some support on the cost side. Some devices were overhauled and export orders were acceptable. However, the domestic downstream stock mentality was general. The Spring Festival holiday was approaching, and the market was weak and stable. After the Spring Festival, the price of raw material urea was high, the cost support was strong, the industry operating rate was low, and the price of melamine was stable and rise, but the actual performance of demand was general, and the wait-and-see atmosphere was strong in the market.

For upstream urea, the domestic urea market rose on January 30. According to the monitoring data of SunSirs, the reference price of urea was 2,746.00 RMB/ton on January 27, up 1.78% from that of January 1 (2,698.00 RMB/ton).

Market outlook

Melamine analysts from SunSirs believe that at present, the price of raw material urea is rising, the cost support is rising, the orders to be delivered by enterprises are still acceptable, and the downstream demand is gradually recovering. It is expected that in the short term, the melamine market will be stable and wait and see, and more attention should be paid to the guidance of market news.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com