SunSirs: Demand Was Insufficient, and the Melamine Market Was Mainly Stable
December 12 2024 16:01:10 SunSirs (John)
Price trend
The price of melamine had fluctuated slightly this week, but the overall trend remained stable. On December 11th, the benchmark price of melamine in SunSirs was 6,412.50 RMB/ton, a decrease of 0.12% compared to the beginning of this month (6,420.00 RMB/ton).
Other market quotations:
On December 8th, the market price of melamine (99.5%) in Xinjiang Yuxiang was 6,500 RMB/ton. On December 7th, the market price of melamine (99.8%) at Zhongyuan Dahua was 6,400.00 RMB/ton; On December 7th, the market price of Hualu Hengsheng melamine (99.5%) was 6,500.00 RMB/ton.
Price Trend Analysis
From the above data, it can be seen that the overall price of melamine had shown a stable trend this week, although there had been slight fluctuations, there had not been a significant increase or decrease.
Market supply-demand balance: as of December 11th, the supply and demand in the melamine market were relatively balanced, and the deployment of new production capacity maintained a certain degree of matching with downstream demand growth, thereby mitigating the direct impact of raw material price fluctuations on the melamine market.
Inventory adjustment: Some melamine production enterprises may adjust their inventory to cope with fluctuations in raw material prices, thereby stabilizing market prices to a certain extent.
Stable production capacity: During this week, the production capacity of the melamine industry remained relatively stable, with no large-scale increase or decrease in production, which help maintain the smooth operation of the market.
Stable downstream demand: This week, the demand for melamine in downstream industries such as sheet metal and coatings remained stable without significant growth or decline, which to some extent supported the stable operation of the melamine market.
Future market outlook
Although the melamine market remained stable this week, there is still some uncertainty in the future market trend. Here are some prospects for the future market:
Fluctuations in raw material prices: There may still be some volatility in the future raw material urea market, which will have an impact on the production costs and prices of the melamine market. Enterprises need to closely monitor the dynamics of the raw material market and develop reasonable procurement and production plans.
Downstream demand changes: With the continuous development of the economy and the improvement of people's living standards, the demand for melamine in downstream industries may show a new growth trend. Enterprises need to pay attention to changes in downstream demand and adjust their product structure and sales strategies in a timely manner.
In summary, the melamine market remained stable this week against the backdrop of fluctuations in raw material urea, mainly due to factors such as market supply and demand balance, inventory regulation, and policy regulation. Future enterprises need to closely monitor market dynamics and policy changes, and develop reasonable business strategies to cope with potential market risks.
If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.
