According to the Commodity Market Analysis System of the Business Society, as of September 21, the average price of melamine enterprises was 7350.00 yuan/ton, a decrease of 0.68% compared to Monday’s price.
This week, the melamine market remained stable and slightly weak. Recently, the price of raw material urea has slightly increased, with some companies resuming production and increasing market supply. However, downstream inquiries have a moderate enthusiasm, mainly focusing on just in demand procurement. The market trading atmosphere is flat, and the mentality of operators is insufficient. Some holders have lowered prices to attract orders. The focus of negotiations in the melamine market is stable, but weak.
Upstream urea: According to the Commodity Market Analysis System of Business Society, the reference price of urea on September 20th was 2641.67, a decrease of 0.75% compared to September 1st (2661.67), which still provides support for the melamine market.
Melamine analysts from Business Society believe that the current supply and demand support is weak, and the atmosphere for new orders in the market is weak. It is expected that in the short term, the melamine market may be weak and stable, and more attention needs to be paid to market news guidance.