As of March 10th, the benchmark price of melamine in Shengyi Society was 6275.00 yuan/ton, an increase of 0.12% compared to the beginning of this month (6267.50 yuan/ton). This slight increase indicates that market prices have not fluctuated significantly and the overall trend is stable. From a longer-term perspective, although the price of melamine has fluctuated, there has not been a significant increase or decrease in recent times.
market equilibrium
Due to equipment aging, malfunctions, or maintenance needs, some melamine production units may still undergo planned maintenance this week. These maintenance activities are usually notified in advance and minimize the impact on production as much as possible. The implementation of the maintenance plan will have an impact on the supply and demand relationship of the melamine market. If maintenance leads to a decrease in supply while demand remains stable or increases, it may have a certain impact on market prices. The demand for melamine in downstream industries such as sheet metal and coatings remains stable without significant growth or decline. This stable downstream demand has to some extent supported the smooth operation of the melamine market.
Inventory and raw material impact
Some melamine production enterprises may respond to fluctuations in raw material prices by adjusting inventory. This inventory adjustment mechanism has to some extent stabilized market prices and reduced the direct impact of raw material price fluctuations on the market. Although there may still be some volatility in the future raw material urea market, the impact of current raw material prices on the melamine market is relatively limited. This is due to the combined effect of market supply and demand balance and inventory adjustment mechanism. As of March 10th, the benchmark price of urea in Shengyi Society was 1861.00 yuan/ton, a decrease of -1.64% compared to the beginning of this month (1892.00 yuan/ton).
market prospect
According to the market analysis report, the market size of melamine is expected to continue to grow. For example, the global melamine market is expected to reach approximately $7.5 billion by 2025. This growth trend provides broad development space for the melamine market.
Although the melamine market remained stable this week, there is still some uncertainty in the future market trend. Fluctuations in raw material prices, changes in downstream demand, and policy adjustments may all have an impact on market prices. Therefore, enterprises need to closely monitor market dynamics and policy changes, and develop reasonable business strategies to cope with potential market risks.
In summary, the melamine market was mainly stable this week, thanks to the combined effects of multiple factors such as market supply and demand balance, stable production capacity, inventory regulation, and relatively stable raw material prices. However, there is still some uncertainty in the future market, and companies need to respond flexibly.
| Melamine |