Price trend

According to the Commodity Market Analysis System of SunSirs, as of August 29th, the average enterprises price of melamine was 7,300.00 RMB/ton, an increase of 6.18% compared to August 1st and a decrease of 13.78% compared to the same period last year.

Analysis review

The melamine market rose in August. In the first half of the month, the price of raw material urea slightly decreased, the cost support slightly weakened, the industry's capacity utilization rate was high, downstream procurement was just in needed, and the market trading atmosphere was flat. Enterprises adjusted their prices based on their own shipment situation, and the focus of negotiations in the melamine market was mainly on stability. In the second half of the month, the price of raw material urea rose, and the cost provided strong support for the melamine market. In addition, some devices were shut down for maintenance, resulting in a decrease in the utilization rate of production capacity in the melamine industry. Supply constraints supported the mentality of enterprises to hold up prices. Downstream followed up mainly on demand, and the prices of melamine enterprises increased.

Upstream urea, according to the Commodity Market Analysis System of SunSirs, the reference price for urea on August 28th was 2,651.67 RMB/ton, an increase of 1.1% compared to August 1st (2,622.86).

Market outlook

Melamine analysts from SunSirs believe that cost and supply support still existed, and there were sufficient orders waiting to be placed by enterprises. It is expected that in the short term, the melamine market may operate at a high level, and more attention needs to be paid to market news guidance.

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