Price trend

The market price index of melamine in this cycle remained at 67.5 points, with a fluctuation of no more than 0.5% compared to the previous week, indicating a high degree of market price stability. The market price range was 6,080-6,250 RMB/ton, and there has been no significant change in the price range compared to the previous week, further proving the stable wait-and-see trend of the market.

Analysis review

Market supply and demand data: According to statistics, the total supply of melamine in this cycle was about 31,100 tons, with a change of less than 2% compared to the previous week, indicating the stability of the supply side. The capacity utilization rate remained stable, with a demand of approximately 61.73% for this cycle, fluctuating within 4% compared to the previous week, indicating that the demand side was also in a wait-and-see state.

Trading data: The trading frequency of this cycle has not changed much compared to the previous week, and trading activities were mainly concentrated in several major trading periods, indicating a wait-and-see attitude among market participants.

Inventory data: Manufacturer inventory: This week, the inventory level of melamine manufacturers remained at the level last week, with relatively small fluctuations compared to the previous week, indicating that manufacturers were maintaining stable supply while also cautiously controlling inventory levels. Downstream inventory: The inventory level of downstream industries remained stable, and the inventory level on Wednesday this week has not changed much compared to the previous week, further confirming the stable wait-and-see trend of the market.

Market outlook

In summary, the melamine market has shown a stable wait-and-see trend this week, with high stability in terms of supply and demand data, price index, transaction data, and inventory data. The future market trend still needs to be closely monitored for changes in market dynamics and influencing factors.

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