February 18: stable operation of Melamine Market

1、 Melamine price trend

(Figure: p-value curve of melamine product source: Commodity analysis system of Business Association)

2、 Market analysis:

Product: the melamine market was stable on February 18. According to the data of the business club’s large scale list, the mainstream price of melamine market in China was around 5200-5400 yuan / ton on the 18th, which was the same as that on the 17th. In a half year cycle, it fell 4.30% year on year. On February 18, the melamine commodity index was 63.80, unchanged from yesterday, down 36.20% from the cycle’s highest point of 100.00 (2011-09-18), and up 11.99% from the lowest point of 56.97 on February 24, 2015. (Note: cycle refers to 2011-09-01 to now) at present, the mainstream price of melamine market in Xinjiang is around 4900 yuan / ton; the mainstream price of melamine market in Sichuan is around 5400 yuan / ton; the mainstream price of melamine market in Henan is around 5400 yuan / ton. The main quotation of melamine market in Shandong is around 5600 yuan / ton.

Industry chain: on February 17, according to the monitoring of the business association, the market of liquid ammonia in China was slightly lower than that at the end of last week, most of which were lower than that at the end of last week. Some enterprises in the northern region were slightly lower, but the range was not large, at 50-100 yuan / ton. On February 17, the main factory price of small particle urea in Shandong increased slightly.

3、 Future forecast:

Analysts of melamine in the business association believe that the price of liquid ammonia is slightly lower and the price of urea is slightly higher, which has limited impact on melamine. At present, logistics and transportation are still limited, terminal demand recovery is delayed, and enterprise inventory is under pressure. It is expected that in the short term, the melamine market will be weak and wait-and-see.