The current domestic melamine market is showing a narrow consolidation trend. As of October 28th, the benchmark price of melamine in Shengyi Society was 5450.00 yuan/ton, a decrease of 1.8% compared to the beginning of this month (5550.00 yuan/ton). The cost of raw materials and supply side provide some support, but weak downstream demand is the main factor restricting the development of the market.
| Melamine |
Overall pattern: The market is characterized by a supply-demand game and a stalemate operation. On the one hand, the price of raw material urea increased at the beginning of this week. As of October 28th, the benchmark price of urea in Shengyi Society was 1625.00 yuan/ton, an increase of 0.23% compared to the beginning of this month (1621.25 yuan/ton), which supported the cost of melamine. On the other hand, downstream factories have low purchasing enthusiasm and the demand remains flat, making it difficult for market prices to rise significantly. market dynamics
Enterprise dynamics: From the table, it can be seen that different enterprises have differentiated their pricing strategies. This reflects that in the current market environment, enterprises mainly adjust prices flexibly based on their own inventory, orders, and location, and a unified trend of upward or downward trend has not yet formed.
Supply side: It is necessary to pay attention to the start-up situation of each enterprise. Data shows that the weekly operating rate of the industry is expected to slightly increase, which may increase market supply
Demand side: The downstream procurement situation is the key to determining whether the price can be stable. If demand continues to be weak, the market will find it difficult to break free from the consolidation pattern.
Future outlook: It is expected that the melamine market will continue to maintain a stable and consolidating trend in the short term. The key to market trends still lies in the changes between supply and demand:
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