According to the Commodity Market Analysis System of Business Society, as of May 15th, the average price of melamine enterprises was 7025.00 yuan/ton, which is basically unchanged compared to last Wednesday’s price.
| Melamine |
Recently, the melamine market has been steadily consolidating and operating. At this stage, the price of raw material urea has risen, and the cost pressure on melamine production enterprises continues to increase. However, due to weak domestic downstream demand, the difficulty of raising prices has increased. On the demand side, downstream buyers only followed up with a moderate amount of demand, and the market atmosphere for new orders was flat, with some export orders still supported. On the supply side, some devices fluctuate, and the industry’s production is at a high level. Cost support is strong, but overall supply and demand support is insufficient, resulting in a stalemate in the melamine market atmosphere.
Raw material urea:
According to the commodity market analysis system of Shengyishe, the reference price for urea on May 15th was 2467.50, an increase of 1.3% compared to May 1st (2435.83). Recently, due to the strong impact of raw material urea prices, the cost of melamine in the market has been under pressure.
Future Market Forecast:
The melamine analyst from Business Society believes that the current market cost and demand game is a strong wait-and-see atmosphere, and it is expected that the melamine market will stabilize slightly in the short term. More attention needs to be paid to changes in raw material prices.
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