1. Melamine price trend:

According to the data of business associations, as of August 9, the market price of melamine had been lowered. At present, the mainstream price of melamine in China is 5400-6000 yuan/ton, which is 3.12% lower than that at the beginning of the week.

II. Market analysis:

Products: Melamine market price down. At present, the downstream demand of some production enterprises has not been substantially improved, the market lacks strong favorable factors to support, and the overall wait-and-see atmosphere of the melamine market remains unchanged. At present, the market reference price of melamine in Xinjiang is around 5200 yuan/ton, that in Sichuan is around 5500 yuan/ton, and that in Henan is around 5700 yuan/ton.

Industry chain: The upstream urea market has fallen again and again in recent March. On May 1, 2019, the average price quoted by the main urea producers in Shandong Province was 230.00 yuan/ton, while on August 9, the average price quoted by urea producers was 1868.33 yuan/ton, down 161.67 yuan/ton, or 7.96%.

Industry: According to the price monitoring of business associations, in the 31 st week of 2019 (8.5-8.9), there were 16 commodities rising annually in the chemical sector, of which 2 commodities increased by more than 5%, accounting for 2.4% of the monitored commodities in the sector; the first three commodities were hydrogen peroxide (12.69%), acetic anhydride (10.50%) and butadiene (4.20%). There are 36 kinds of commodities with a decline of more than 5%, accounting for 2.4% of the monitored commodities in this sector. The products with the first three declines are yellow phosphorus (-22.73%), sulfur (-5.81%) and propylene (-4.45%). Average gains and losses this week were -0.41%.

3. Future market forecast:

Melamine analysts believe that the fall of urea upstream, the cost of melamine negative, downstream demand is weak, the overall trading climate is weak, it is expected that in the short term, the market of melamine will be mainly weak operation, more attention still needs to be paid to the start-up rate of production enterprises.