Price trend

According to the monitoring sample data of SunSirs, as of February 2, the average price of melamine companies quoted was 7,033.33 RMB/ton, which was the same as last Tuesday (January 26) and dropped by 3.21% compared with January 2., and an increase of 19.89% in a three-month cycle.   

Analysis review

The recent melamine market is mainly stable, and the market atmosphere is quiet. In terms of equipment, the operating rate of melamine is gradually increasing, and the supply will increase. As the Spring Festival approaches, downstream terminals will have holidays one after another, coupled with the influence of logistics and transportation factors, the sales of enterprises are average, and some manufacturers are mainly exporting. As of February 2, the mainstream quotation of melamine in Shandong was around 7,000 RMB/ton, the mainstream quotation of melamine in Xinjiang was around 6,300 RMB/ton, and the mainstream quotation in Sichuan wasa around 6,800 RMB/ton.

Urea upstream, the urea market in Shandong was temporarily stable on February 2. Downstream demand has tightened overall. In agriculture, urea prices are currently high, and agricultural purchases are cautious. In terms of industry, due to the impact of air pollution control in some areas, sheet metal companies have suspended operations, and compound fertilizer companies have a moderate start-up load, and demand follows up appropriately. On the supply side, the pre-maintenance equipment has been started one after another, and the output has increased steadily.

According to the price monitoring of SunSirs, on February 1, 2021, there were 20 commodities in the chemical sector of the bulk commodity price list that rose month-on-month. Among them, a total of 1 commodity increased by more than 5%, accounting for 1.1% of the monitored commodities in this sector; The top 3 commodities with an increase were pure benzene (5.03%), butanone (3.64%), and ammonium chloride (3.24%). A total of 9 commodities fell month-on-month, and 2 commodities fell more than 5%, accounting for 2.2% of the number of monitored commodities in this sector; the top 3 products that fell were methylene chloride (-12.01%) and ethylene oxide. (-9.33%), chloroform (-4.00%). The average daily increase and decrease was -0%.

Market outlook

The melamine analyst of SunSirs believes that the upstream urea price has risen recently and the cost support has risen, but the downstream demand is insufficient to follow up and the consumption is insufficient, and the market atmosphere is weak. It is expected that the melamine market may be weak and stable in the short term. More specific trends need to pay attention to the market news guidance.

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