According to the monitoring sample data of the business community, as of November 17, the average price of melamine enterprises was 8300.00 yuan/ton, which was the same as the price on Monday, and increased by 0.40% compared with the price on November 1.

This week, the melamine market was mainly stabilized. From the perspective of cost, the price of raw material urea is high in the near future, and the cost support is still strong, which supports the manufacturers’ attitude of price support. From the supply and demand side, the operating rate of the melamine market has increased compared with the early stage, and local transportation is limited. The demand side performance is average. The market transaction is just in demand, and the mentality of the industry is insufficient.

According to the monitoring data of the business community, the reference price of upstream urea was 2654.00 on November 16, an increase of 5.91% compared with November 1 (2506.00).

Melamine analysts from the business community believe that the current cost support still exists, and the industry starts at a high level, but the demand side follow-up is slightly weak. Downstream procurement is mainly based on demand. It is expected that the melamine market will stabilize in the short term, and more attention should be paid to the changes in raw material prices.