February 12: stable operation of Melamine Market

1、 Melamine price trend:

 

According to the data of the bulk list of business agencies, the market price of melamine was temporarily stable as of February 12, which was the same as that of yesterday. The mainstream domestic melamine price on February 12 was around 5200-5400 yuan / ton. In a half year cycle, it fell 4.30% year on year.

 

Thiourea dioxide

2、 Market analysis:

 

Product: the domestic melamine market price was temporarily stable on December 12. Due to the delay in the downstream resumption of work and the limited impact of different degrees of logistics and transportation, some melamine enterprises do not offer prices temporarily. At present, the mainstream price of melamine market in Xinjiang is around 4900 yuan / ton; the mainstream price of melamine market in Sichuan is around 5400 yuan / ton; the mainstream price of melamine market in Henan is around 5400 yuan / ton; the mainstream price of melamine market in Shandong is around 5600 yuan / ton.

 

On February 11, the melamine commodity index was 63.80, the same as that on February 10, down 36.20% from the highest point of 100.00 (2011-09-18), and up 11.99% from the lowest point of 56.97 on February 24, 2015. (Note: cycle refers to 2011-09-01 to now)

 

Thiourea

Industry: according to the price monitoring of the business agency, there are three kinds of commodities in the list of commodity prices rising and falling on February 11, 2020, among which titanium dioxide (2.18%), monoammonium phosphate (0.53%) and propane (0.34%) are the top three commodities. There are 14 kinds of commodities falling on a month on month basis, and the top three products were dichloromethane (- 5.00%), glycol (- 4.59%) and liquid ammonia (- 4.28%). The 11 day average rose or fell by – 0.29%.

 

3、 Future forecast:

 

According to melamine analysts of the business association, the downstream resumption of work is delayed, the logistics is limited, the demand side is weak, and the inventory of melamine enterprises is under pressure. It is expected that in the short term, the melamine market will be dominated by weak consolidation.

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