Price trend

According to the monitoring sample data of SunSirs, as of January 21, the average price of melamine enterprises was 10,300.00 RMB/ton, an increase of 5.03% compared with the price on Monday, and an increase of 7.29% compared with the price on December 21. The price fell by 47.98% in a three-month cycle.

Analysis review

This week, the melamine market rose. Recently, the price of raw material urea has risen, cost support has risen, orders in the export market were better, and domestic downstream stocks were stocked in an orderly manner before the holiday. In addition, due to limited shipments in some areas, the market supply has tightened, and the focus of negotiations has moved higher.

Upstream urea, the domestic urea market rose on January 21. On January 20, the reference price of urea was 2,634.00 RMB/ton, an increase of 3.21% compared with January 1 (2,552.00 RMB/ton).

Market outlook

The melamine analyst of SunSirs believes that the current melamine market trading atmosphere is good, and the company has sufficient advance orders. It is expected that in the short term, the melamine market may run at a high level.

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