Price trend

The recent market situation of melamine was mainly stable. According to the Commodity Market Analysis System of SunSirs, as of August 14th, the average price of melamine enterprises was 7,050.00 RMB/ton, which was the same as last Tuesday (August 8th).

Analysis review

Supply and demand side: The production capacity utilization rate of the melamine industry was high, and the downstream demand side was average. The procurement for raw material was mainly on demand, and the market trading atmosphere was flat. The price of melamine was mainly stable. On the 14th, the mainstream factory price of melamine in central China was around 7,300-7,500 RMB/ton.

Cost side: Recently, the market price of raw material urea was running smoothly. According to the commodity market analysis system of SunSirs, the reference price of urea on August 11th was 2,577.14 RMB/ton, a decrease of 1.74% compared to August 1st (2,622.86 RMB/ton). Cost side had some support for the melamine market.

Market outlook

Melamine analysts from SunSirs believe that as of August 14th, market transactions were mainly in demand and the market atmosphere was average. It is expected that in the short term, the melamine market may be on the sidelines for consolidation, and more attention needs to be paid to changes in raw material urea prices.

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