The following data is sorted out by Huafu Chemicals, the manufacturer of melamine tableware raw material powder, and is for reference only.
According to the latest data, as of May 26, the average price of melamine enterprises was 10,125 yuan/ton (about 1,503 US dollars/ton), a decrease of 0.49% compared with the price on May 20, and the three-month cycle was year-on-year. Down 17.91%.
This week (5.20-5.26) the melamine market is running weakly.
1. Upstream urea, the domestic comprehensive price of urea fell slightly on May 25, down 0.31% from the price on May 24, and up 38.63% from the same period last year.
2. Upstream coal and liquefied natural gas prices fluctuated slightly, with general cost support.
3. From the perspective of demand: agricultural demand is weak, industrial demand is general, and downstream customers have a strong wait-and-see attitude toward high-priced urea.
4. From the perspective of supply: there are many urea overhaul manufacturers, and the supply is reduced. The policy of ensuring supply and price stability remains unchanged.
Huafu Chemicals believes that the current raw material urea price is high, the cost pressure still exists, the supply side starts at a high level, the demand side performance is not good, and the supply and demand support is insufficient. It is expected that in the short term, the melamine market may be dominated by weak consolidation.