Melamine prices stabilize and rebound, short-term cycle strengthens

1、 This week’s market summary: Stop falling and rebound, strong upward trend

This week (July 21-27, 2026), the domestic melamine market experienced a significant “V-shaped” reversal. In the early stage, the market continued to experience weak fluctuations, with prices hovering at low levels; Until the weekend (July 27th), the market experienced a strong outbreak, successfully ending the continuous decline and achieving a rebound from the decline.
As of July 27th, the benchmark price of melamine soared to 6125.00 yuan/ton, a significant increase of 2.08% compared to the previous trading day (6000.00 yuan/ton). From a monthly perspective, the current price has increased by 1.24% compared to the 6050.00 yuan/ton at the beginning of this month, indicating a significant rebound in market sentiment.
2、 Trend feature analysis: Breakthrough after bottoming out consolidation
Looking at this week’s price trend chart, the price of melamine showed a slow downward trend from July 21st to 26th, with the 10 day moving average and 20 day moving average falling synchronously. The price remained suppressed within a narrow range of 6000-6025 yuan/ton, oscillating and bottoming out.
The turning point occurred on July 27th, when spot prices surged and broke through the 6100 yuan/ton mark in a single day. The red 10 day moving average in the chart hit its lowest point on July 26th and quickly rose sharply on July 27th, forming a convergence or even upward trend with the blue 20 day moving average, indicating strong short-term bullish power and sufficient rebound momentum.
4、 Future prospects
Overall, after several days of bottoming out, the melamine market successfully achieved a breakthrough this weekend. The technical signal of “moving average crossing” resonates with the fundamental rebound, greatly boosting market confidence in the short term. It is expected that under the support of demand and market sentiment, the price of melamine is expected to maintain a strong and volatile pattern. In the future, attention should be paid to the follow-up of downstream demand and changes in plant operating rates.