Melamine market rose slightly in November

According to the monitoring sample data of the business community, the average price of melamine enterprises as of November 28 was 8333.33 yuan/ton, up 0.81% compared with the price on November 1.



The melamine market rose slightly in November. In the first half of the month, the price of raw urea rose steadily, the cost support continued to increase, the operating rate of the melamine market was high, domestic downstream procurement was mainly on demand, local transportation was limited, the market atmosphere was general, and the price of the melamine market fluctuated slightly. In the second half of the month, some enterprises in the north stopped for minor repairs, and the downstream demand did not improve significantly. The demand side was weak, but the cost side was strong, supporting the market price mentality. The focus of market negotiation was stable and rising.


According to the monitoring data of the business community, the reference price of upstream urea was 2798.00 on November 28, an increase of 11.65% compared with November 1 (2506.00).


Melamine analysts from the business community believe that the upstream urea market is currently operating strongly, with strong cost support, high market operating rate, downstream procurement on demand, and partial shipment is not smooth. It is expected that in the short term, the melamine market will mainly operate at a high level, and more attention should be paid to the market interest consumption guidelines.

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