According to the monitoring sample data of the business community, as of October 26, the average price of melamine enterprises was 8266.67 yuan/ton, which was the same as that on Friday (October 21), 1.20% lower than that on September 26, and 2.48% higher than that on a three-month cycle.

Recently, the quotation of enterprises in the melamine market is mainly stable, but the market is under pressure. From the perspective of cost, the raw material urea has been operating stably after the recent price drop, and the cost support for melamine has weakened. From the supply and demand side, the operating rate of melamine increased slightly. Some enterprises mainly export, while domestic downstream procurement is mainly on demand. The demand side is weak, and the imbalance between supply and demand has dragged the stable and weak operation of the melamine market.

As for upstream urea, the domestic urea market was temporarily stable on October 25. According to the monitoring data of the business community, the reference price of urea was 2458.00 on October 25, a decrease of 3.8% compared with October 1 (2555.00).

Melamine analysts from the business community believe that the current cost support is limited, and the supply side operating rate has improved, but the demand side is mainly based on demand, and the market atmosphere is weak. It is expected that the melamine market will be stable and weak in the short term, so more attention should be paid to the market news.