This week, the mainstream market price of melamine rebounded from a low level, and some companies raised their quotes by 50-100 yuan/ton. However, transactions were mainly for essential needs, and there was significant resistance to high price transactions. As of May 14th, the benchmark price of melamine in Shengyi Society was 5987.50 yuan/ton, an increase of 1.05% compared to the beginning of this month (5925.00 yuan/ton).
| Gamma-PGA (gamma polyglutamic acid) |
1. Supply and demand balance
Stable supply: The operating rate of production enterprises remains at a normal level, with no large-scale maintenance or release of new production capacity, and no significant fluctuations in the supply side.
Stable demand: Downstream industries such as sheet metal, coatings, and plastics purchase according to demand, without centralized stocking or significant reduction in orders, and the demand side support is stable.
2. Raw material prices
The recent price increase of urea, the main raw material, has led to significant changes in production costs for enterprises, supporting the stability of melamine prices. As of May 14th, the benchmark price of urea in Shengyi Society was 1945.00 yuan/ton, an increase of 3.73% compared to the beginning of this month (1875.00 yuan/ton).
3. Reasonable inventory
The inventory of production enterprises and traders is within the normal range, with no significant backlog or shortage, and the market supply-demand contradiction has eased.
4. Stable international market
Export orders remain normal, with no significant fluctuations in overseas demand, and the export market providing a support for domestic prices.
5. Policies and Market Expectations
There have been no significant adjustments to environmental protection and safety production policies, and the production environment of the enterprise is stable; Market participants have neutral expectations for the future and speculative trading has decreased.
Future focus:
Raw material price trend: If urea and other raw materials fluctuate significantly, it may break the cost balance.
Downstream demand changes: The prosperity of terminal industries such as real estate and furniture affects long-term demand.
Export dynamics: The international trade environment and shipping costs may affect export orders.
Policy risk: Environmental production restrictions or energy policy adjustments may disrupt supply.
Overall, the current market is showing a stabilizing trend under multiple factor equilibrium, but it is necessary to pay attention to the impact of potential variables on subsequent market trends. It is recommended that companies maintain reasonable inventory and pay attention to cost and demand signals.
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