Price trend

According to the monitoring sample data of SunSirs, as of March 10, the average quotation price of melamine was 8,100 RMB/ton, which was flat compared with the previous trading day and increased by 7.05% compared with the beginning of the month. The price rose by 12.50% compared with February 10, and rose by 12.50% in a three-month cycle.

Analysis review

On March 10, the price of melamine companies was generally stable. At present, the operating rate of melamine has been slightly increased. Downstream users have moderately replenished their stocks in the early stage, mainly digesting inventory, and the willingness to purchase is not strong. The company's new orders are generally followed up, and the market atmosphere is weak. At present, the mainstream quotation of melamine in Shandong is around 8,500 RMB/ton, the mainstream quotation of melamine in Xinjiang is around 8,000 RMB/ton, and the mainstream quotation of melamine in Sichuan is around 8,400 RMB/ton. The quotation is for reference only, and the actual price shall prevail.

Urea upstream, the urea market in Shandong increased on March 10. In terms of demand: agricultural demand is affected by rain and snow, urea delivery slows down, terminal purchase willingness is general, and agricultural purchases in mainstream regions are cautious; downstream compound fertilizer and rubber sheet factories have increased operating load, and some downstream products are still more cautious, and there is a strong wait-and-see sentiment, most of them follow the market. In terms of supply: The current operating rate of urea companies is about 72.5%, and the daily output is about 160,000 tons, which is sufficient.

Market outlook

SunSirs melamine analysts believe that the current downstream demand is mainly for replenishment, and the market's new order transaction atmosphere is weak. It is expected that the domestic melamine market may operate steadily and weakly in the short term. More specific trends need to pay attention to market news guidance.

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