According to the Commodity Market Analysis System of the Business Society, as of June 28th, the average price of melamine enterprises was 6600.00 yuan/ton, a decrease of 7.37% compared to June 1st.

In June, the melamine market remained stable and organized, with some high-end prices lowered by enterprises. In the first half of the month, the price of raw material urea fluctuated, affecting the mentality of the industry on the cost side. The utilization rate of supply side production capacity increased, downstream demand was flat, and the initial demand was mainly followed up in an appropriate amount. Enterprises shipped according to the market, and the quotation was mainly stable, while some high-end prices declined and adjusted. In the second half of the month, the price of raw material urea rose in a narrow range, with average cost support. Enterprises mainly executed preliminary orders, while downstream inquiries and procurement were just needed. The melamine market stabilized and consolidated.

Upstream urea, according to the Commodity Market Analysis System of Business Society, the reference price for urea on June 27th was 2239.38, a decrease of 6.79% compared to June 1st (2402.50).

Melamine analysts from Business Society believe that the current rise in raw material urea prices has led to an increase in cost support. Enterprises mainly execute advance orders, while downstream demand is average. The market has a strong wait-and-see atmosphere, and it is expected that in the short term, the melamine market may stabilize and operate, and more attention should be paid to market news guidance.