The market price of melamine has increased since September. According to the Commodity Market Analysis System of the Business Society, as of September 4th, the average price of melamine enterprises was 7425.00 yuan/ton, an increase of 1.71% compared to September 1st.
Supply and demand side: Abundant and tight supply of pending orders
Recently, some devices have been shut down for maintenance, and the production capacity utilization rate of the melamine industry is below 60%. Enterprises mainly ship early orders in an orderly manner, and sales are currently not under pressure. Downstream wait-and-see is just needed to follow up, and the melamine market is running strong.
Cost side: High price of raw material urea with strong cost support
Recently, the market price of raw material urea has risen. According to the Commodity Market Analysis System of Business Society, the reference price of urea on September 4th was 2678.33, which is 0.63% higher than that on September 1st (2661.67).
Melamine analysts from Business Society believe that current costs are high and companies are selling smoothly. It is expected that in the short term, the melamine market may be stronger, and more attention needs to be paid to market news guidance.