1、 Market price overview
According to the latest market trends, the market price of melamine showed a slight downward trend after the holiday. There are differences in the prices of melamine from different brands and origins, but overall they reflect the characteristic of stable and decreasing market prices. For example, some traders provide quotes for melamine in Shandong region, some as high as 7100 yuan/ton, while others are as low as 5500 yuan/ton, but most quotes are concentrated between 6300 yuan and 7000 yuan/ton. As of February 7th, the benchmark price of melamine in Shengyi Society was 6200.00 yuan/ton, a decrease of -0.48% compared to the beginning of this month (6230.00 yuan/ton).
2、 Market supply and demand relationship
1. Supply side: The supply of melamine in the market is relatively stable, but the deployment of new production capacity and inventory adjustment strategies have had a certain impact on market prices. The supply and demand pressure in the upstream raw material urea market is relatively high, with daily production maintained at a high level, and new facilities being put into operation one after another, which to some extent suppresses the price of urea and thus affects the production cost of melamine.
2. Demand side: The market demand for melamine is relatively weak. Although downstream industries such as sheet metal and coatings have a certain demand for melamine, overall growth is weak. In addition, the insufficient purchasing power of fertilizer distributors and low market activity have also led to a negative attitude from the demand side.
3、 Market Trend Analysis
1. Short term trend: In the short term, the market price of melamine may continue to maintain a stable and slightly declining trend. The price fluctuations in the raw material urea market, the introduction of new production capacity, and changes in downstream demand will all have an impact on market prices.
2. Long term trend: In the long run, the trend of the melamine market will be influenced by various factors. With the development of the economy and the improvement of residents’ living standards, the demand for melamine in downstream industries may change. Meanwhile, fluctuations in the raw material market, policy guidance, and overall industry capacity will have a profound impact on market prices.
In summary, the trend of stable and slightly decreasing prices in the melamine market after the holiday is the result of multiple factors working together. Enterprises should closely monitor market trends, strengthen inventory management, optimize product structure, and look forward to policy guidance to promote the healthy development of the market.