According to the data of monitoring samples of business agency, the average price of melamine enterprises as of May 25 was 10866.67 yuan / ton, down 24.54% compared with the previous Wednesday (May 19), 13.76% lower than the price at the beginning of the month, and 46.85% year-on-year in three months.

Melamine price decline continues market gradually returns to rationality

Melamine market has been in a downturn in recent years, and the market has been greatly reduced. At present, melamine start rate is high, but downstream demand is weak, the enterprise is under pressure on shipping, supply pressure continues to accumulate drag the market, and the market price is frequent. However, downstream is cautious about low price follow-up, and just need to purchase.

Upstream urea, May 25, Shandong urea market temporarily stable. Demand: agricultural demand has increased; Affected by the mentality of buying up but not buying down, the downstream compound fertilizer and rubber sheet factories took goods actively, and the new orders of enterprises followed up well. Supply: some urea enterprises shut down and repair the plant, and the supply end is tightened. The enterprise has a strong attitude towards price fixing.

Melamine analysts of business agency believe that, in general, the recent upstream urea price has been strong, the cost side impact is relatively limited, supply and demand are dominant, demand side performance is weak, and the market performance is still under pressure. It is expected that in the short term, melamine market will be dominated by weak operation.