Market Overview
| Melamine |
The market atmosphere for melamine this week is average, and overall, the fundamentals are weak. As of August 20th, the benchmark price of melamine in Shengyi Society was 6750.00 yuan/ton, a decrease of -1.10% compared to the beginning of this month (6825.00 yuan/ton). Manufacturers mainly focus on executing advance orders, with weak willingness to adjust prices. In the short term, there is a lack of guidance in the market, and the market situation appears to be stagnant. Next week, due to the increase in production enterprises and the lack of expected improvement in downstream demand, prices may continue to remain weak.
Supply side
Since August, the raw material urea market has been lukewarm, and the recent market performance is still dominated by a one week market cycle. When the demand side weakens, the maintenance plans of large factories have temporarily put the supply side at a low level, and both supply and demand have weakened, maintaining a narrow adjustment of the urea market. As of August 20th, the benchmark price of urea in Shengyi Society was 2263.00 yuan/ton, a decrease of -2.50% compared to the beginning of this month (2321.00 yuan/ton).
In terms of demand
Recently, the melamine market has cooled down, and demand has been moderately followed up. It is reported that some sheet metal factories have recently reduced their operating load, and considering that the supply of melamine will increase in the later maintenance and restoration of multiple factories, downstream manufacturers and traders have reduced their demand for melamine procurement.
In July, imported 10.642 tons of melamine, a month on month decrease of 38.99%, with a total import price of 442930 RMB; Exported 34400 tons, a month on month decrease of 36.76%, with a total export price of 210714605 RMB.
Overall, the positive news for the melamine market is limited, and the market may remain stagnant. It is expected that the demand for melamine in the short term will improve, and the price range may be between 6200-6500 yuan/ton. Attention should be paid to new news changes such as factory start-up adjustments and demand follow-up.
| http://www.lubonchem.com/ |