I. melamine price trend:

According to the data of the large scale list of business agencies, the market price of melamine fell as of October 22, down 1.59% compared with that of October 21, and the mainstream price of melamine in China was 5400-6000 yuan / ton on October 22.

II. Market analysis:

Product: the domestic melamine market price fell on Tuesday. The melamine operation rate is at a high level, the terminal market demand is low, and the contradiction between supply and demand is prominent. At present, the mainstream price of melamine market in Xinjiang is around 5050 yuan / ton; the mainstream price of melamine market in Sichuan is around 5600 yuan / ton; the mainstream price of melamine market in Henan is around 5700 yuan / ton. The main quotation of melamine market in Shandong is around 5700 yuan / ton.

Industrial chain: the ex factory price (10.18-10.22) of urea in Shandong area in the upstream fell slightly, down 1.12%. The upstream liquid ammonia price (10.18-10.22) fell slightly, down 1.05%. Downstream papermaking, plate, molding plastics and other industries started in a downturn, the actual demand is still poor, and the confidence of the industry is insufficient.

3. Future forecast:

According to melamine analysts of the business association, the upstream raw material price is weak, the cost side is bearish, and the contradiction between supply and demand in the market is sharp, so there is no strong positive factor support for the moment. It is expected that in the short term, the melamine market will be dominated by weak consolidation operation.