According to the Commodity Market Analysis System of Shengyishe, as of March 4th, the average price of melamine enterprises was 7450.00 yuan/ton, a decrease of 0.33% compared to last Tuesday (February 27th).
| Melamine |
Cost side: According to the analysis system chart of the commodity market in Shengyishe, the reference price of urea on March 1st was 2520.00, an increase of 3.63% compared to February 1st (2431.67). On March 4th, the comprehensive price of urea in Shandong was 2515 yuan/ton, a decrease of 0.20% compared to yesterday. The cost side has limited support from the melamine market.
Supply and demand side: Currently, the melamine industry is operating at a high level, with sufficient market supply. Although downstream operations are gradually underway, demand release is slow, and inquiries and purchases are mainly in demand. The atmosphere for new orders in the market is light, and manufacturers are gradually under pressure on the supply side as early orders are executed. Enterprises are offering discounts and receiving orders, resulting in a decline in the price center of melamine.
The melamine analyst from Business Society believes that the current cost support is average, and the supply-demand contradiction in the market is evident, with insufficient positive support. It is expected that in the short term, the melamine market may experience weak consolidation and operation, and more attention should still be paid to market news guidance.
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