According to the monitoring sample data of the business community, the average price of melamine enterprises as of November 22 was 8300.00 yuan/ton, which was the same as that of last Thursday (November 17), and 0.81% higher than that of November 10.
Recently, the melamine market has been adjusted steadily. From the perspective of cost, the recent raw material urea market has been running steadily, and the cost support has been strengthened. From the perspective of supply and demand, some enterprises in the north have stopped for minor repairs, but the downstream demand has not improved significantly. Procurement is mainly on demand, the market trading atmosphere is general, and the focus of melamine market negotiation is stability.
On November 22, the benchmark price of upstream urea in the business community was 2710.00 yuan/ton, an increase of 8.14% compared with that on November 1 (2506.00 yuan/ton).
The melamine analysts of the business agency believe that the current cost level supports the market’s price mentality, but the demand level is weak, the supply and demand level is generally supported, and the wait-and-see atmosphere is strong. It is expected that in the short term, the melamine market will operate with a subjective expectation of stability, and more attention should be paid to the changes in raw material prices.