I. melamine price trend:
According to the data of the large scale list of business agencies, the domestic melamine market this week ran smoothly, which was the same as that at the beginning of the week. On the 13th, the mainstream domestic melamine price was 5200-5600 yuan / ton. In a three-month cycle, it fell 3.74% year-on-year.
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II. Market analysis:
Product: the domestic melamine market is running smoothly this week. The operating rate of melamine enterprises has declined, but the downstream demand is not good, and the confidence of the industry is insufficient. Most of the manufacturers are cautious in receiving goods, and mostly wait and see. 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 5600 yuan / ton. The main quotation of melamine market in Shandong is around 5600 yuan / ton.
Industry chain: the ex factory price (12.9-12.13) of urea in Shandong Province in the upstream of this week rose slightly, or 0.2%. The upstream liquid ammonia price (12.9-12.13) is temporarily stable, and the market trading is stable.
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Industry: according to the price monitoring of the business agency, in the 49th week of 2019 (12.9-12.13), there are 24 kinds of commodities rising month on month in the chemical industry sector, including 4 kinds of commodities rising by more than 5%, accounting for 4.7% of the number of commodities monitored in the sector; the top three commodities are glycol (17.59%), crude benzene (7.07%) and aniline (6.81%). There are 28 commodities with a decline of more than 5% on a month on month basis, accounting for 1.2% of the number of commodities monitored in the sector; the top three products with a decline are hydrochloric acid (- 6.41%), chloroform (- 4.55%), and bisphenol A (- 3.62%). This week’s average was 0.07%.
3. Future forecast:
Melamine analysts of the business association believe that the price of raw urea rose slightly this week, the price of liquid ammonia was stable, and the cost support for melamine was limited. The downstream demand is general, and the market has no strong and good support for the time being. It is expected that in the short term, the domestic melamine market will be consolidated and wait-and-see.
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