According to the data of the business club’s block list, the average price of domestic melamine enterprises was 9383.33 yuan / ton on April 1, 2021, and the average price of domestic melamine enterprises was 10733.33 yuan / ton by June 30, with an increase of 14.39% in the second quarter. In the second quarter, the lowest price was 9066.67 yuan / ton on June 1, and the highest price was 15233.33 yuan / ton on May 8, with the maximum amplitude of 68.01%.
The melamine market rose strongly in April, with the price breaking through 10000 yuan and rising all the way. In early May, the price continued to rise, reaching a new high. In the first half of April, the manufacturers had more orders to send and the spot supply was tight. In the second half of April, the cost support rose and the demand side exports were better, which were the main factors supporting the rise of melamine market. In the first ten days of May, the export market still performed well. Supported by the orders waiting to be issued in the early stage, the tense situation of spot supply continued, and the quotation of enterprises continued to rise, reaching a new high. On May 8, the average quotation price of melamine enterprises was 15233.33 yuan / ton, up 200.66% year on year.
In the middle and late May, the price of melamine fell from high pressure, and the decline started. The undertaking capacity of downstream enterprises continued to decrease, and the follow-up of new domestic trade orders was insufficient. In addition, the melamine operation rate was high, and the focus of market negotiation continued to decline. Under the mentality of buying up but not buying down, the lower reaches mainly stayed on the sidelines, and the downturn continued. After the price fell to the lowest point in the second quarter, the price stopped falling and rebounded in early June, Strong cost support, coupled with the improvement of downstream demand to support the market price rise, melamine market rose steadily in June, with an increase of 18.38%.
For upstream urea, the urea market in Shandong rose in the second quarter. As of June 30, the average price quoted by enterprises was 2800 yuan / ton, up 29.03% compared with April 1 (2170 yuan / ton). In July, the price of urea was temporarily stable.
Melamine analysts of business news agency believe that in July, the price of upstream urea is temporarily stable, and the downstream just needs to purchase. The market performance is general, and there is a strong wait-and-see atmosphere. It is expected that the price of melamine will be stable in the short term, and more attention should be paid to the information guidance of upstream and downstream.
| Sulfamic acid |