According to the Commodity Market Analysis System of the Business Society, as of June 26th, the average price of melamine enterprises was 6600.00 yuan/ton, a decrease of 0.38% compared to last Monday (June 19th).

Recently (6.19-6.26), the melamine market has been mainly stable, and some companies have lowered their prices. Recently, the raw material urea market has experienced a narrow range of fluctuations, with average cost support. Enterprises mainly execute preliminary orders, while downstream inquiries and purchases are just in demand. The market has a strong wait-and-see atmosphere.

Upstream urea, according to the Commodity Market Analysis System of Business Society, the domestic urea market temporarily stabilized on June 25th. On June 23rd, the reference price of urea was 2239.38, a decrease of 6.79% compared to June 1st (2402.50).

Melamine analysts from Business Society believe that the current supply and demand have little impact on the market. It is expected that in the short term, the melamine market may consolidate and operate on a wait-and-see basis, and more attention needs to be paid to changes in raw material urea prices.