Price trend
提交According to the monitoring sample data of SunSirs, as of November 5, the average price of melamine from enterprises was 19,633.33 RMB/ton, which was 2% lower than the price on Monday and 13.49% higher than the price on October 5.
Analysis review
The melamine market fell this week. This week, the price of raw material urea fell first and then rose, and the cost support was insufficient. The operating load rate of melamine enterprises remained at a high level, exports slowed down, mainly by wait-and-see, domestic trade demand was flat, and there was no significant improvement for the time being, downstream procurement enthusiasm was not high, and the market atmosphere was weak.Upstream urea, the domestic urea market rose slightly on November 5, down 3.51% compared to Monday's quotation. Upstream coal prices have fallen slightly recently, and cost support has weakened. From the perspective of demand: the peak of agricultural demand has passed, and some areas have sporadic fertilizer supplements; industrial demand is dominated by rigid demand, and downstream compound fertilizer and rubber sheet plants have better demand for urea. The operating load rate of melamine enterprises remained at a high level. From the perspective of supply: urea companies have entered a period of centralized maintenance, and the supply has decreased. On the whole, urea cost support has weakened, downstream demand has weakened, and urea supply has been insufficient.
Market outlook
The melamine analyst of SunSirs believes that the current cost side support is insufficient, and the supply and demand side support is general. It is expected that the melamine market may be weakened in the short term, and more attention needs to be paid to market news guidance.
