China’s domestic melamine market prices rose slightly on September 17

1. Melamine price trend:

 

According to the business community price monitoring: as of September 17, the domestic melamine market prices rose slightly. At present, the mainstream price of melamine in China is 5700-6000 yuan/ton, which is 1.07% higher than Tuesday (September 10) and 1.61% higher than August 17.

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II. Market analysis:

Products: Domestic melamine market prices rose slightly on the 17th. At present, the start-up of domestic melamine plant is not high, there is no pressure on manufacturers to ship, and the market price is generally slowly rising. At present, the mainstream quotation of melamine market in Xinjiang is around 5450 yuan/ton; the mainstream quotation of melamine market in Sichuan is around 5850 yuan/ton; and the mainstream quotation of melamine market in Henan is around 5800 yuan/ton. The mainstream quotation of melamine market in Shandong is around 5800 yuan/ton.

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Industry chain: raw material liquid ammonia rose 0.52% on the 17th day compared with last Tuesday (September 10). On the 17th, raw material urea, Shandong small granular urea mainstream factory price temporarily stabilized: Yangmei Plain quoted 1800 yuan/ton, the quoted price temporarily stabilized; Ruixing Chemical quoted 1820 yuan/ton, the quoted price temporarily stabilized; Mingshui Chemical quoted 1850 yuan/ton, the quoted price temporarily stabilized. On the whole, the ex-factory price of urea in Shandong Province was temporarily stable on the 17th, and the actual transaction price was subject to negotiation. Raw urea fell by 0.91% on Tuesday, September 10. The demand of downstream industries such as sheet metal, papermaking and moulding has not been substantially improved.

Industry: According to the price monitoring of business associations, on September 17, 2019, there were 28 commodities rising annually in the chemical sector, of which 1 commodity increased by more than 5%, accounting for 1.2% of the monitored commodities in the sector; the first three commodities were nitric acid (12.62%), acetone (4.72%) and aniline (4.55%). There were 8 kinds of products with a decline of more than 5%, accounting for 1.2% of the monitored products in this sector. The products with the first three declines were dichloromethane (-7.41%), sulfur (-2.79%) and ethyl acetate (-1.78%). The 17-day average rise and fall was 0.55%.

3. Future market forecast:

Melamine analysts believe that the upstream raw material liquid ammonia prices rose slightly, urea prices fell slightly, little impact on melamine. The melamine market rose slightly, but the downstream terminal demand did not change significantly, and the market was limited. It is expected that the domestic melamine market will be consolidated in the short term.

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