According to the Commodity Market Analysis System of Shengyishe, as of May 29th, the average price of melamine enterprises was 7000.00 yuan/ton, a decrease of 0.36% compared to the price on May 1st.
| Melamine |
The market price of melamine fluctuated slightly in May. In the first half of the year, the market supply was sufficient, but downstream production was low. Small orders were mainly followed up on demand, and new business transactions were lukewarm. The market atmosphere was weak, but the price of raw material urea rose, cost pressure rose, and manufacturers had weak intentions to sell low. The market remained stable and under pressure. In the middle and late stages, the price of raw material urea continued to rise, and cost pressure continued to increase. Some export orders were still supported, supporting enterprises to raise prices. Approaching the end of the month, cost pressure still exists, but domestic downstream demand is weak, market high prices and weak transactions, and the market is showing signs of weakness.
According to the commodity market analysis system of Business Society, the reference price of urea on May 28th was 2494.17, an increase of 2.4% compared to May 1st (2435.83). The urea raw material market showed a strong trend in May, with significant cost pressure on melamine.
Future Market Forecast:
Business Society’s melamine analyst believes that the current sluggish domestic downstream demand in the melamine market is dragging down the market, and there may still be no significant improvement in demand in the short term, which may still have constraints on the market. But the price of raw material urea is high, and the cost of melamine is under pressure, with manufacturers mainly raising prices. It is expected that in the short term, the cost demand game may continue, and the melamine market situation may remain slightly weak. More attention needs to be paid to market news guidance.
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