Price trend

According to the monitoring sample data of SunSirs, as of April 25, the average price of melamine from enterprises was 10,166.67 RMB/ton, a decrease of 1.29% compared with the price on last Wednesday (April 20), and compared with the price on March 25, the price fell by 17.57%, and fell by 2.56% in a three-month cycle.

Analysis review

Recently, the market price of melamine stopped falling and rose again. Recently, the price of raw material urea was relatively strong, and the cost pressure was obvious. The operating rate of melamine increased slightly. The downstream stocked before the festival, and the purchasing enthusiasm had increased. The inventory pressure of manufacturers eased, and the price stopped falling and rebounded.

Upstream urea, the domestic comprehensive price of urea rose slightly on April 25, up 23 RMB/ton compared with the price on April 22, and a year-on-year increase of 37.72%.On the whole, the cost support of urea was general, the downstream demand was normal, the supply of urea was high, and the transportation was limited. In the market outlook, urea will mainly fluctuate and rise in a narrow range.

Market outlook

The melamine analyst of SunSirs believes that the current upstream urea price has risen slightly, the cost support is strong, the company mainly executes advance orders, and the actual performance of the demand side is still average. It is expected that in the short term, the melamine market may be stable.

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