Price trend

According to the Commodity Market Analysis System of SunSirs, as of May 15th, the average price of melamine enterprises was 7,025.00 RMB/ton, which was basically unchanged compared to last Wednesday's price.

Analysis review

Recently, the melamine market had been steadily consolidating and operating. At this stage, the price of raw material urea had risen, and the cost pressure on melamine production enterprises continued to increase. However, due to weak domestic downstream demand, the difficulty of raising prices had increased. On the demand side, downstream buyers only followed up with a moderate amount of demand, and the market atmosphere for new orders was flat, with some export orders still supported. On the supply side, some devices fluctuated, and the industry's production was at a high level. Cost support was strong, but overall supply and demand support was insufficient, resulting in a stalemate in the melamine market atmosphere.

Raw material urea: According to the commodity market analysis system of SunSirs, the reference price for urea on May 15th was 2,467.50 RMB/ton, an increase of 1.3% compared to May 1st (2,435.83 RMB/ton). Recently, due to the stronger impact of raw material urea prices, the cost of melamine in the market had been under pressure.

Market outlook

The melamine analyst from SunSirs believes that the market cost and demand gamed with a strong wait-and-see atmosphere, and it is expected that the melamine market will stabilize with small fluctuations in the short term. More attention needs to be paid to changes in raw material prices.

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