SunSirs--China Commodity Data Group

Language

日本語

한국어

русский

deutsch

français

español

Português

عربي

türk

中文

Sign In

Join Now

Contact Us

Home > Melamine News > News Detail
Melamine News
SunSirs: The Melamine Market Was Weak and Stable, with Cautious Atmosphere
March 22 2024 14:24:50SunSirs(John)

Price trend

According to the Commodity Market Analysis System of SunSirs, as of March 21, the average price of melamine from melamine enterprises was 7,325.00 RMB/ton, a decrease of 0.68% compared to March 15 (the reference price of melamine was 7,375.00 RMB/ton).

Analysis review

During this period (3.15-3.21), the melamine market continued to decline, and the supply-demand contradiction in the market still existed. Small transactions were mainly in demand, and some companies were under pressure to ship, resulting in price reductions. On March 21, the mainstream ex factory price reference for melamine in East China was around 6,600-6,700 RMB/ton, with actual orders mainly negotiated.

Cost side: According to the analysis system chart of the commodity market in SunSirs, the reference price for urea on March 20th was 2,501.67 RMB/ton, a decrease of 0.73% compared to March 1st (2,520.00 RMB/ton). Recently, the urea market in Shandong had slightly declined, providing general support for the melamine market. In the short term, cost support may still be limited.

Supply and demand side: Some companies on the supply side were experiencing fluctuations in their equipment, and the industry was still operating at a high level of around 70%. The market supply was sufficient, but the demand side was following slowly. The downstream board market was mainly affected by the real estate industry, and the demand for melamine in the market was average. The demand side was generally weak, and companies were willing to offer more profits and take orders. The downstream procurement mentality was still cautious, and in the short term, the market supply is strong and the demand is weak, which may continue.

Market outlook

In summary, there is still insufficient short-term market support, but in the early stage, the price of melamine had continued to weaken, and companies had weak intentions to sell at low prices. Downstream purchasing sentiment was cautious, and the market atmosphere was average. It is expected that in the short term, the melamine market may remain stagnant and wait-and-see. The specific trend still needs to be guided by market news.

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

【Copyright Notice】In the spirit of openness and inclusiveness of the Internet, SunSirs welcomes all media and institutions to reprint and quote our original content. If reprinted, please mark the source SunSirs.

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products