SunSirs: Driven by Cost Factors, the Melamine Market Remained Stable with a Downward Trend

Price trend

According to data from SunSirs, the benchmark price of melamine has decreased this week. For example, on April 14th, the benchmark price of melamine in SunSirs was 6,075.00 RMB/ton, a decrease of 1.02% compared to the beginning of this month (6,137.50 RMB/ton). On April 15th, the benchmark price further dropped to 6,062.50 RMB/ton.

Meanwhile, according to publicly released information, the market price of melamine this week varied among different regions and brands, but overall showed a downward trend. For example, in Jinan City, Shandong Province, the prices of different brands of melamine were as follows:

Zhongyuan Dahua, with a premium grade of 99.8% and a market price of 6,700.00 RMB/ton.

Hualu Hengsheng, with a premium grade of 99.5%, has a market price of 6,300.00 RMB/ton.

Xinjiang Yuxiang, with a premium grade of 99.5%, has a market price of 6,300.00 RMB/ton.

Market trend

Supply and demand relationship: The supply and demand relationship in the melamine market is an important factor affecting prices. If the supply exceeds the demand, the price often decreases. This week, there may be a supply-demand imbalance and price decline due to increased production by some manufacturers or reduced market demand.

Raw material cost: The raw material cost of melamine will also affect its market price. If the prices of raw materials decrease and production costs decrease, the market price of melamine may also decrease accordingly. As of April 15th, the benchmark price of urea in SunSirs was 1,970.00 RMB/ton, a decrease of 1.35% compared to the beginning of this month (1,997.00 RMB/ton).

Market competition: The melamine market is fiercely competitive, with significant price differences between different brands. In order to compete for market share, some brands may adopt a price reduction strategy.

Market outlook

The future price trend of melamine market will be influenced by various factors. On the one hand, with the continuous strengthening of environmental policies and the intensification of market competition, some manufacturers may face the risk of production stoppage or reduction, leading to a decrease in supply; On the other hand, with the gradual recovery and growth of downstream demand, the demand for melamine is also expected to increase. Therefore, the future market price trend will depend on the balance of supply and demand.

In summary, the ma

rket price of melamine remained stable with a slight downward trend this week, influenced by various factors such as supply and demand, raw material costs, market competition, and policies and regulations. The future market price trend will depend on the balance of supply and demand. It is recommended to closely monitor market trends and changes in policies and regulations in order to adjust procurement and sales strategies in a timely manner.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.