Weak operation of melamine market (6.16-6.22)

According to the monitoring sample data of business agency, as of June 22, the average price of melamine enterprises was 9533.33 yuan / ton, down 0.68% compared with last Thursday (June 16), down 6.31% compared with May 22, and down 22.28% year-on-year in a three-month cycle.


Sodium Molybdate

The recent (6.16-6.22) melamine market is weak. Recently, the price of raw material urea has mainly fallen, the cost support has weakened, the overall inventory of melamine on the supply side is high, but the follow-up on the demand side is still insufficient, the shipment of enterprises is not smooth, the market trading atmosphere is weak, and the focus of melamine market negotiation has fallen.



For upstream urea, the domestic urea market rose slightly on June 22. On June 22, the reference price of urea was 3095.00, a decrease of 3.31% compared with June 1 (3201.00). From the perspective of supply: some manufacturers plan to overhaul recently, and the daily output of urea has decreased slightly, so the supply is relatively insufficient.


Melamine analysts of the business agency believe that at present, the price of raw urea has risen slightly, the cost support is limited, and the operating rate of melamine is high, but the demand side is weak. It is expected that the melamine market may operate stably and weakly in the short term.


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