Melamine market is stable and wait-and-see, general atmosphere

1、 Melamine price trend


(Figure: P value curve of melamine product)


2、 Market analysis


On December 3, the melamine market remained stable and the market did not change significantly. According to the monitoring sample data of business agency, as of December 3, the average price quoted by melamine enterprises was 7433.33 yuan / ton, which was flat compared with the previous trading day and increased by 24.23% compared with November 3.


The melamine index was 46.07-26.00 points lower than the commodity index in 2011, which was 46.07-26.09 points lower than the commodity index in 2011. (Note: period refers to 2011-09-01 to now)


With the influence of regional weather, environmental protection and other factors in winter, the downstream demand is weakened, the follow-up of new orders is not smooth, manufacturers’ sales are under pressure, the inventory of melamine enterprises is increasing, and the overall market trading atmosphere is general. At present, the mainstream quotation of melamine in Shandong is around 7500 yuan / ton, that in Xinjiang is around 6500 yuan / ton, and that in Sichuan is around 7100 yuan / ton. The quotation is for reference only, and the actual price shall prevail.


For upstream urea, on December 3, the urea market in Shandong was temporarily stable, and the recent high consolidation of upstream liquid ammonia resulted in better cost support. Domestic demand is fair, agricultural demand in some areas has followed up, and industrial demand follows the market and purchases on demand. In terms of supply, some devices were overhauled and some of them were in short supply.


According to the price monitoring of the business agency, on December 2, 2020, there were 26 kinds of commodities in the chemical industry sector, among which there were 3 kinds of commodities with an increase of more than 5%, accounting for 3.3% of the total number of commodities monitored in this plate; the top three commodities were chloroform (5.80%), nitrates (5.56%) and R134a (5.49%). There were 19 kinds of commodities with a decrease of more than 5%, accounting for 2.2% of the total number of commodities monitored in this sector; the top three products were propylene glycol (- 10.82%), isopropanol (- 5.79%) and maleic anhydride (- 4.67%). The average rise and fall was 0.01%.


3、 Future forecast


Melamine analysts of the business agency believe that the current upstream urea price is temporarily stable, the cost support is limited, and the manufacturers’ new orders are not followed up smoothly, and the overall wait-and-see atmosphere of the market is not reduced. It is expected that in the short term, the melamine market will mainly operate in a weak and stable manner, and more attention should be paid to the market news guidance for the specific trend.