Price trend

According to the Commodity Market Analysis System of SunSirs, as of June 26th, the average price of melamine from melamine enterprises was 6,600.00 RMB/ton a decrease of 0.38% compared to last Monday (June 19th).

Analysis review

Recently (6.19-6.26), the melamine market was mainly stable, and some companies had lowered their prices. Recently, the raw material urea market experienced a narrow range of fluctuations, and cost support was average. Enterprises mainly executed preliminary orders, while downstream inquiries and purchases were just in demand. The market had a strong wait-and-see atmosphere.

Upstream urea, according to the Commodity Market Analysis System of SunSirs, the domestic urea market temporarily stabilized on June 25th. On June 23rd, the reference price of urea was 2,239.38 RMB/ton, a decrease of 6.79% compared to June 1st (2,402.50 RMB/ton).

Market outlook

Melamine analysts from SunSirs believe that as of the 26th, the impact of supply and demand on the market was not significant. It is expected that in the short term, the melamine market may consolidate and operate on a wait-and-see basis, and more attention needs to be paid to changes in raw material urea prices.

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