The market price of melamine remained stable this week. According to the Commodity Market Analysis System of Shengyishe, as of January 19th, the average price of melamine enterprises was 7450.00 yuan/ton, which is unchanged from Monday’s price.

Cost side: According to the analysis system chart of the commodity market in Shengyi Society, the reference price of urea on January 18th was 2465.00, a decrease of 0.8% compared to January 1st (2485.00). Recently, the market situation of raw material urea has narrowed, and the cost side is generally supported by the melamine market.

Supply and demand side: Some enterprises on the supply side stopped maintenance of their equipment, and downstream hoarding intentions were average at the beginning of the week. Some manufacturers lowered prices to attract orders, creating a strong wait-and-see atmosphere in the market. With the gradual follow-up of downstream stocking, the market atmosphere has improved, and dealers can flexibly quote according to their own situation, with a stable market trend as the main focus.

Business Society’s melamine analyst believes that the current cost support is limited, and downstream pre holiday orderly stocking is expected. In the short term, the melamine market is expected to stabilize and operate, and more attention needs to be paid to market news guidance.