Price trend

According to the Commodity Market Analysis System of SunSirs, as of September 13th, the average price of melamine in melamine enterprises was 7,400.00 RMB/ton, a decrease of 0.34% compared to last Friday (September 8th).

Analysis review

The recent market situation of melamine was mainly stable, with some companies experiencing slight price reductions. Recently, the price of raw material urea was weak and stable, with cost support still remaining. The industry's capacity utilization rate was below 60%, and the support of pending orders from enterprises was still acceptable. Downstream demand was weak, and market transactions were mainly in demand. There was a strong wait-and-see atmosphere.

Upstream urea: According to the Commodity Market Analysis System of SunSirs, the reference price of urea on September 12 was 2,630.00 RMB/ton, a decrease of 1.19% compared to September 1 (2,661.67 RMB/ton).

Market outlook

Melamine analysts from SunSirs believe that as of the 13th, downstream procurement was mainly on demand, and the market atmosphere was average. It is expected that in the short term, the melamine market may stable and consolidated, and more attention should be paid to market news guidance.

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