The melamine market has declined this week. According to the Commodity Market Analysis System of Shengyishe, as of March 14th, the average price of melamine enterprises was 7375.00 yuan/ton, a decrease of 1.67% compared to Monday’s price.
| Melamine |
Cost side: According to the analysis system chart of the commodity market of Shengyishe, the reference price of urea on March 13th was 2516.67, a decrease of 0.13% compared to March 1st (2520.00). Since March, the price of raw material urea has fluctuated and fallen narrowly, providing insufficient support for the melamine market.
Supply and demand side: Recently, the production capacity utilization rate of the melamine industry has been above 70%, and the industry has started at a high level. However, the demand side has not followed up enough, and the downstream intention to replenish demand is not strong. Many people hold a wait-and-see attitude, and the market’s new orders and transactions are average. The phenomenon of enterprises offering discounts and shipping is obvious, and the focus of negotiations in the melamine market is downward.
Melamine analysts from Business Society believe that there is still a short-term supply-demand contradiction in the market, lacking strong positive factors to support it. With a strong wait-and-see attitude, it is expected that the melamine market will be mainly weak in the short term, and more attention still needs to be paid to market news guidance.
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