According to the Commodity Market Analysis System of Business Society, as of April 2nd, the average price of melamine enterprises was 7025.00 yuan/ton, a decrease of 4.42% compared to March 21st (the reference price of melamine was 7350.00 yuan).
The recent decline in the melamine market is mainly due to poor demand and insufficient cost support. Some companies are offering discounts and accepting orders, leading to a decline in the focus of negotiations in the melamine market. On April 2nd, the mainstream ex factory price reference for melamine in the East China market was around 6500-6650 yuan/ton, with actual orders mainly negotiated.
Cost side: Supply exceeds demand, and the mainstream ex factory price of urea in Shandong slightly decreased in March. Entering April, the market continued its downward trend. According to the analysis system chart of the commodity market of Shengyishe, the reference price of urea on April 2nd was 2393.33, a decrease of 0.9% compared to April 1st (2415.00), which provides weak support for the melamine market.
Supply and demand side: Recently, some devices have been shut down, and the industry’s capacity utilization rate has decreased. However, the supply side is still sufficient, and domestic downstream demand is flat. The main focus is on following up on rigid demand, with a cautious purchasing attitude. The market transaction atmosphere is light, and enterprise shipments are under pressure. The support for supply and demand side is weak.
The current melamine market is operating weakly, and the short-term supply-demand contradiction in the market may continue. Holders are actively shipping, and it is expected that the melamine market will continue to operate weakly in the short term. The specific trend still needs to pay attention to market news guidance.
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