1、 Melamine price trend
(Figure: p-value curve of melamine products)
2、 Market analysis
Recently, melamine market rose first and then stabilized. According to the monitoring sample data of the business community, as of March 24, the average quotation price of melamine enterprises was 8116.67 yuan / ton, which was flat compared with the previous trading day, increased by 1.04% compared with last Friday (March 19), increased by 9.68% compared with February 24, and increased by 49.39% compared with the same period last year. In terms of raw materials, the price of upstream urea has risen recently. On the supply side, the operating rate of melamine increased. On the demand side, exports performed well, domestic demand was flat, the trading atmosphere in some markets improved, the prices of some enterprises rose, and the overall market atmosphere was acceptable.
Upstream urea, March 24, Shandong urea market rose. On the demand side: most of the agricultural demand is used as soon as it is purchased, the willingness of terminal purchasing is general, and the agricultural purchasing in mainstream areas is cautious; the start-up load of downstream compound fertilizer and plastic plate plants rises slightly, and the small orders follow up, and most of them follow the market. Supply side: at present, the operating rate of urea enterprises is about 80%, and the daily output is about 160000 tons. The start-up load of urea enterprises is increased and the supply side is sufficient. India’s RCF import bid was opened, with a total bid volume of 1.926 million tons, and the bid price was not announced. Based on the rising demand of many local industries, the positive impact of Indian bidding, the improvement of domestic market mentality, and the willingness of some manufacturers to support prices.
3、 Future forecast
Melamine analysts of business news agency believe that the price of upstream urea has risen slightly recently, the cost support has been strengthened slightly, the overall operating rate of melamine is high, the market trading is orderly, and the wait-and-see mentality is dominant. It is expected that the domestic melamine market may be stable in the short term, and the specific trend needs to pay more attention to the market information guidance.
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