Insufficient demand, weak melamine market

According to the monitoring sample data of the Business News Agency, the average price of melamine enterprises was 8125.00 yuan/ton as of March 14, down 1.22% from the price of last Friday (March 10).



The melamine market has declined recently. Recently, the market of raw material urea has declined slightly, but the cost side is still supported. Some devices in the supply side fluctuate, and the manufacturers execute the early orders in an orderly manner. However, the follow-up of new orders in the market is insufficient, the enthusiasm of downstream procurement is not high, the market mentality is under pressure, and the focus of melamine market negotiation is weak.


For upstream urea, the domestic urea market was temporarily stable on March 14. On March 13, the reference price of urea was 2822.50, down 0.24% from March 1 (2829.38).


Melamine analysts from the business agency believe that the current cost support is general, the supply and demand support is weak, and the operators are not in a good mood. It is expected that the melamine market will be weak in the short term, and more attention should be paid to market information guidance.

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