Supply and demand game: melamine remains stable slightly

1、 Price trend

 

This week, the market price of melamine remained stable without significant fluctuations. This may be related to the decline in raw materials, low capacity utilization, and general demand, without obvious upward momentum or downward pressure. As of December 25th, the benchmark price of melamine in Shengyi Society was 640250 yuan/ton, a decrease of -0.27% compared to the beginning of this month (6420.00 yuan/ton).

 

2、 Supply situation

 

1. Production capacity and output: Currently, the production capacity of melamine is relatively stable, and some new production capacity is gradually being released, but the overall output has not shown a significant increase. This may be related to poor industry profitability, reduced production by manufacturers, or delayed production of new capacity.

 

2. Operating rate: Recently, the operating rate of melamine enterprises may remain at a certain level, neither too high nor too low. This helps to maintain the stability of market supply and avoid excessive price fluctuations.

 

3、 Demand situation

 

1. Downstream industries: The downstream industries of melamine mainly include sheet metal, papermaking, molding plastics, etc. The demand situation of these industries has a significant impact on the melamine market. At present, downstream industries may still be in a sluggish state, with insufficient production and weak demand. This may have a certain suppressive effect on the melamine market.

 

2. Export situation: Although the export volume of melamine has alleviated domestic sales pressure to some extent, the export situation may not be stable due to factors such as international market demand and shipping costs.

 

4、 Raw material situation

 

As the main raw material of melamine, the price trend of urea has a significant impact on the melamine market. Recently, urea prices may remain relatively stable or fluctuate slightly, and their cost support for melamine may not be significant. As of December 25th, the benchmark price of urea in Shengyi Society was 1828.33 yuan/ton, a decrease of -7.72% compared to the beginning of this month (1981.25 yuan/ton).

 

5、 Market outlook

 

1. Short term outlook: It is expected that the melamine market will continue to operate steadily in the short term. The market supply and demand relationship is relatively balanced, with no obvious upward momentum or downward pressure.

 

2. Long term outlook: With the gradual recovery of the domestic economy and the increasing demand from downstream industries, the melamine market may usher in certain opportunities. However, it is also necessary to pay attention to the impact of factors such as the deployment of new production capacity, the trend of raw material prices, and international market demand on the market.

 

In summary, the melamine market has been running steadily this week, with relatively stable prices and a relatively balanced supply-demand relationship. But it is also necessary to pay attention to changes in market dynamics and influencing factors in order to adjust business strategies in a timely manner.

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