1、 Melamine price trend:

(Figure: P value curve of melamine product)

2、 Market analysis:

Product: according to the monitoring sample data of the business agency, the melamine market was temporarily stable on the 19th. As of May 19, the average price quoted by melamine enterprises was 5066.67 yuan / ton, which was flat compared with yesterday and decreased by 0.65% compared with May 1. At present, melamine manufacturers have no inventory pressure for a short time, and the downstream demand performance is average. At present, the mainstream price of melamine market in Xinjiang is around 4600 yuan / ton; the mainstream price of melamine market in Sichuan is around 4800 yuan / ton; the mainstream price of melamine market in Henan is around 4800 yuan / ton. On the 19th, the mainstream price of melamine market in China was around 4600-5200 yuan / ton.

Industry chain: according to the price monitoring of the business agency, the ex factory price of urea in Shandong Province rose slightly this week (5.11-5.15). The quotation rose from 1620.00 yuan / ton at the beginning of the week to 1623.33 yuan / ton at the end of the week, an increase of 0.21%, down 18.22% year on year. Overall, the urea market rose slightly this week, with the urea commodity index at 75.04 on May 15.

Industry: according to the price monitoring of the business agency, on May 18, 2020, there are 19 kinds of commodities in the list of rise and fall of bulk commodity prices in the chemical sector, among which there are 3 kinds of commodities with an increase of more than 5%, accounting for 3.4% of the number of commodities monitored in the sector; the top 3 commodities are ethylene (19.61%), trichloromethane (10.53%) and octanol (6.67%). There are 13 kinds of commodities falling on a month on month basis, and 1 kind of commodities falling by more than 5%, accounting for 1.1% of the number of commodities monitored in this sector; the top three products falling are potassium chloride (- 13.53%), hydrochloric acid (- 3.18%) and butanone (- 2.63%). The average price of this day is 0.32%.

3、 Future forecast:

According to melamine analysts of the business association, in the near future, the price of raw material urea is rising slightly, the cost support is limited, and the downstream demand power is insufficient. It is expected that in the short term, the market situation of melamine will be dominated by consolidation and wait-and-see operation, and more attention should be paid to the price of raw materials and the transaction situation in the mainstream market