The melamine market was weak in early April. According to the Commodity Market Analysis System of Business Society, as of April 10th, the average price of melamine enterprises was 7025.00 yuan/ton, a decrease of 3.44% compared to April 1st (the reference price of melamine was 7275.00 yuan).
| Melamine |
Price influencing factors:
Cost side: According to the analysis system chart of the commodity market of Shengyishe, after entering April, the price of raw material urea has rebounded slightly, but there is still insufficient support for the melamine market. On April 10th, the reference price of urea was 2394.17, a decrease of 0.86% compared to April 1st (2415.00).
Supply and demand side: Since April, the operating rate of the melamine industry has slightly decreased, but the market supply of goods is abundant, and some enterprises have accumulated inventory. The downstream board industry is operating at a low level, and manufacturers have a cautious purchasing attitude, with a focus on using and purchasing as needed mode. The overall downstream demand follow-up is slow, and transactions continue to be in high demand, resulting in a weak market atmosphere.
Future Market Forecast:
Under the influence of the recent pattern of strong supply and weak demand in the melamine market, the market is operating weakly. It is expected that the supply side will remain at a high level in the later stage, and the support from the demand side may still be insufficient, putting pressure on fundamental supply and demand. At present, the raw material urea has slightly increased, but the short-term support for the melamine market is relatively limited. In summary, it is expected that the melamine market will continue to operate weakly in the short term, and more attention still needs to be paid to changes in the price of raw material urea.
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