According to the Commodity Market Analysis System of the Business Society, as of September 13th, the average price of melamine enterprises was 7400.00 yuan/ton, a decrease of 0.34% compared to last Friday (September 8th).
The recent market situation of melamine has been mainly stable, with some companies experiencing slight price reductions. Recently, the price of raw material urea has been weak and stable, with cost support still remaining. The industry’s capacity utilization rate is below 60%, and the support for pending orders from enterprises is still acceptable. Downstream demand is weak, and market transactions are mainly in demand. There is a strong wait-and-see atmosphere.
Upstream urea: According to the Commodity Market Analysis System of Business Society, the reference price of urea on September 12 was 2630.00, a decrease of 1.19% compared to September 1 (2661.67).
Melamine analysts from Business Society believe that downstream demand procurement is currently the main focus, and the market atmosphere is average. It is expected that in the short term, the melamine market may stabilize and operate, and more attention should be paid to market news guidance.