The melamine market has remained stable this week. According to the Commodity Market Analysis System of Shengyishe, as of February 2nd, the average price of melamine enterprises was 7450.00 yuan/ton, which is unchanged from Monday (January 29th).
Cost side: According to the analysis system chart of the commodity market in Shengyi Society, the reference price of urea on February 1st was 2431.67, a decrease of 2.15% compared to January 1st (2485.00). Recently, the market price of raw material urea has risen, and the cost is still supported by the melamine market.
Supply and demand side: Recently, some enterprises have recovered their equipment, and the industry’s capacity utilization rate has increased. As downstream factories gradually relax, the demand side has slowed down, and there are sufficient orders waiting to be issued by enterprises. The focus of negotiations in the melamine market has remained stable, with some enterprises offering discounts and receiving orders.
Melamine analysts from Business Society believe that the current cost impact is limited, the industry is operating at a high level, and companies are mainly executing advance orders in an orderly manner. It is expected that in the short term, the melamine market may stabilize and operate, and more attention needs to be paid to market news guidance.