Since August, the melamine market has risen steadily. According to the Commodity Market Analysis System of the Business Society, as of August 8th, the average price of melamine enterprises was 7050.00 yuan/ton, an increase of 2.55% compared to August 1st.

Supply and demand: At the beginning of the month, the capacity utilization rate of the melamine industry was about 64%, and the downstream just needed to purchase. The market trading atmosphere was general. The enterprises adjusted their quotations according to their own shipments. The market wait-and-see atmosphere was strong, and the melamine market was adjusted steadily.

Cost side: In August, the raw material urea market price first rose and then fell. According to the Commodity Market Analysis System of Business Society, the reference price of urea on August 7th was 2584.29, a decrease of 1.47% compared to August 1st (2622.86). At the beginning of the month, the cost side support was strong, supporting the market’s attitude of price appreciation. As urea prices declined, support for the melamine market gradually weakened.

Melamine analysts from Business Society believe that current cost support is weak, while supply and demand support is average. It is expected that in the short term, the melamine market may become weak and operate, and more attention needs to be paid to market news guidance.