According to the monitoring sample data of Business News Agency, the average price of melamine enterprises was 8266.67 yuan/ton as of February 16, down 0.80% from Monday’s price.

This week’s melamine market was weak. Recently, the market price of raw material urea fell first and then rose. The cost support was general. Some units at the supply end resumed production, and the melamine market operating rate increased slightly. However, the demand follow-up was insufficient. The export market was general. The domestic downstream demand recovery was slow. The market transaction was just needed. The contradiction between supply and demand was prominent. The focus of the melamine market was weak.

For upstream urea, the domestic urea market rose on February 16. On February 15, the reference price of urea was 2722.00, down 2.26% from February 1 (2785.00).

Melamine analysts from the Business Agency believe that the price of raw material urea is rising, the cost support is limited, the supply side is abundant, and the demand side is still weak. It is expected that the melamine market will be weak in the short term, and more attention should be paid to the changes in the cost side.