SunSirs: The Market Price of Melamine Was Mainly Stable (January 15-19)
January 23 2024 11:40:02 SunSirs (John)
Price trend
The market price of melamine remained stable this week. According to the Commodity Market Analysis System of SunSirs, as of January 19th, the average price of melamine of melamine enterprises was 7,450.00 RMB/ton, which was unchanged from Monday's price.
Analysis review
Cost side: According to the analysis system chart of the commodity market in SunSirs, the reference price of urea on January 18th was 2,465.00 RMB/ton, a decrease of 0.8% compared to January 1st (2,485.00 RMB/ton). Recently, the market situation of raw material urea had narrowed, and the cost side was generally supported by the melamine market.
Supply and demand side: Some enterprises on the supply side stopped maintenance of their equipment, and downstream hoarding intentions were average at the beginning of the week. Some manufacturers lowered prices to attract orders, creating a strong wait-and-see atmosphere in the market. With the gradual follow-up of downstream stocking, the market atmosphere had improved, and dealers flexibly quoted according to their own situation, with a stable market trend as the main focus.
Market outlook
SunSirs' melamine analyst believes that the cost support was limited, and downstream orderly stocked before holiday. In the short term, the melamine market is expected to stabilize and sort out, and more attention needs to be paid to market news guidance.
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