Melamine prices rise steadily

1、 Melamine price trend

 

(Figure: p-value curve of melamine products)

 

2、 Market analysis

 

Melamine market rose steadily in the first half of April. According to the monitoring sample data of the business community, as of April 15, the average price quoted by melamine enterprises was 10050 yuan / ton, up 7.1% compared with April 1, 24.07% compared with March 15, 38.3% compared with January 1, and 95.78% compared with the same period last year.

 

At the beginning of April, the melamine market was mainly stable. Most of the manufacturers carried out the orders received in advance, and there was no pressure to move the goods. On the 6th, the quotation of enterprises rose. After the focus of market negotiation moved up, the price of melamine was stable and stable. Since the 9th, the price of melamine rose steadily. Some enterprises mainly export, and domestic trade mainly demand rigid demand. As the price of melamine rose to a high level, the pressure of downstream cost increased, which is very important to the market However, due to the support of more orders to be issued, the spot supply is tight, and the factory’s offer mentality is strong. The market is pushed up and stabilized after the low-end price of the market makes up.

 

Upstream urea, April 15, Shandong urea market temporarily stable. Demand side: agricultural demand is mainly sporadic procurement; downstream compound fertilizer, plastic plate plant start load increased slightly, most go with the market. Supply side: at present, the operating rate of urea enterprises is about 80%, with a slight increase, and the daily output is about 160000 tons. The start-up load of urea enterprises is increased and the supply side is sufficient.

 

According to the price monitoring of the business community, on April 14, 2021, there were 20 kinds of commodities in the list of rise and fall of bulk commodity prices in the chemical industry sector, among which 2 kinds of commodities increased by more than 5%, accounting for 2.2% of the number of commodities monitored in the sector; the top 3 commodities increased were epichlorohydrin (7.11%), butanone (6.12%) and styrene (2.47%). There were 11 kinds of commodities that declined on a month on month basis, and the top three products were ethanol (- 1.81%), polymerized MDI (- 1.74%) and 1,4-butanediol (- 1.09%). The average daily rise or fall was 0.22%.

 

3、 Future forecast

 

Melamine analysts of business news agency believe that at present, there are more orders waiting to be issued to support the market, enterprises have no pressure to take goods, and the spot supply is tight. It is expected that in the short term, the domestic melamine market may be strong, and the specific trend needs to pay more attention to the downstream purchasing mentality.

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