Price trend

According to the Commodity Market Analysis System of SunSirs, as of April 27th, the average price of melamine of melamine enterprises was 7,550.00 RMB/ton, a decrease of 4.73% compared to April 1st.

Analysis review

The melamine market fell in April. In early April, the market price of raw urea fell, the cost support weakened, and the utilization rate of melamine capacity at the supply side decreased slightly, but the performance of domestic demand was still poor, and the melamine market was weaker. In the middle of April, the market price of raw urea rose first and then fell, with certain support from the cost side. The receipt of some low price enterprises improved, but the contradiction between supply and demand in the market still existed. The holders actively shipped, and the focus of market negotiation declined. In late April, the raw material urea price was slightly weaker, with insufficient cost support. Some devices were shut down for maintenance, and the market supply was reduced, supporting a stable an increase in melamine prices. The enthusiasm for downstream pre holiday inquiries had slightly improved, but actual demand was still average. Enterprise quotations were mainly stable, some companies adjusted their prices, with most companies mainly executing earlier orders.

Upstream urea, according to the Commodity Market Analysis System of SunSirs, the reference price of urea on April 26th was 2,635.00 RMB/ton, a decrease of 5.13% compared to April 1st (2,777.50 RMB/ton).

Market outlook

Melamine analysts from SunSirs believe that as of the 27th, the price of raw material urea had decreased, and cost support was weak. Market transactions were mainly in demand, and enterprises were orderly executing early orders. It is expected that in the short term, the melamine market may mainly remain stable, and more attention needs to be paid to market news guidance.

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