1、 Melamine price trend

(Figure: P value curve of melamine product)

2、 Market analysis

This week, the melamine market is mainly stable, and the prices of some enterprises have increased slightly. According to the monitoring sample data of business agency, as of September 18, the average price quoted by melamine enterprises was 5400 yuan / ton, which was 0.62% higher than the beginning of the week (September 14) and 0.62% higher than that of August 18.

Recently, some units were shut down for maintenance, and the melamine operating rate declined, and some downstream products were prepared in advance, which led to the rise of melamine price. On the 18th, the mainstream quotation of melamine in Shandong was around 5200 yuan / ton, that in Xinjiang was around 4700 yuan / ton, and that in Sichuan was around 5100 yuan / ton.

For upstream urea, the factory quotation of urea in Shandong has risen slightly recently. According to the monitoring sample data of business agency, as of September 18, the average price quoted by urea enterprises was 1710 yuan / ton, which was 1.38% higher than that at the beginning of the week (September 14). The recent high-level consolidation of upstream liquid ammonia has a good cost support. Domestic demand is fair, agricultural demand in some areas has followed up, and industrial demand follows the market and purchases on demand. In terms of supply, some devices were overhauled and some of them were in short supply.

3、 Future forecast

Melamine analysts in the business agency believe that the price of raw material urea has risen slightly in recent years, and the cost side has certain support. The domestic demand performance is still general, but the local supply is tight. It is expected that the melamine market will rise steadily in the short term, and more attention should be paid to the market news guidance.