Price trend

The market for melamine rose slightly on October 20. According to the monitoring sample data of SunSirs, as of October 20, the average quotation price of melamine enterprises was 5,600 RMB/ton, an increase of 0.60% compared with the previous trading day, and an increase of 3.70% compared with September 20.

Analysis review   

The operating rate of melamine increased slightly, domestic demand was stable, and some export orders performed well. There was no pressure on corporate sales for the time being, and the melamine market rose steadily. On October 20, the mainstream price of melamine in Shandong was around 5,500 RMB/ton, the mainstream price of melamine in Xinjiang was around 4,900 RMB/ton, and the mainstream price of melamine in Sichuan was around 5,400 RMB/ton.

Urea upstream, the urea market in the east region rose slightly on October 19. The upstream liquid ammonia has consolidated at a high level recently, and the cost support was good. Domestic demand was acceptable, and agricultural demand in some areas has been followed up. Industrial demand followed the market and purchased on demand. On the supply side, some devices were overhauled, and some stocks were tight.

Market outlook

The melamine analyst of SunSirs believes that the current upstream urea price has risen slightly, and the cost side is supported to a certain extent. The sales situation of the company is supported by the advance orders. It is expected that the melamine market may be stable in the short term, and more attention should be paid to market news guidance .

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