According to the monitoring sample data of the Business News Agency, as of March 21, the average price of melamine enterprises was 8050.00 yuan/ton, a decrease of 0.92% compared to last Thursday (March 16).

The recent market situation of melamine is weak. Recently, the raw material urea market has undergone a narrow consolidation, with little impact on cost. The utilization rate of melamine production capacity has increased, but there is insufficient follow-up on demand. The contradiction between supply and demand in the market is prominent, and manufacturers’ sales are under pressure. The focus of negotiations in the melamine market has declined.

For upstream urea, the domestic urea market temporarily stabilized on March 21. On March 20, the reference price of urea was 2811.25, a decrease of 0.64% compared to March 1 (2829.38).

Melamine analysts from the Business Agency believe that the current high price of raw material urea and cost support still exist, but the supply and demand side is weak, and the market trading atmosphere is flat. It is expected that in the short term, the melamine market may operate in a weak manner, and more attention needs to be paid to market news guidance.