According to the Commodity Market Analysis System of the Business Society, as of October 26th, the average price of melamine enterprises was 7175.00 yuan/ton, which is unchanged compared to Monday’s price.

The melamine market is mainly stable this week. Recently, the price of raw material urea has risen, with strong cost support and fluctuations in some devices. The industry’s capacity utilization rate is around 60%. Enterprise owners mainly place early orders, and downstream companies need to follow up. Holders ship according to the market, and enterprise quotations are mostly stable and wait-and-see.

Upstream urea: According to the Commodity Market Analysis System of Business Society, the domestic urea market rose on October 25th. On October 25th, the reference price of urea was 2553.33, a decrease of 0.07% compared to October 1st (2555.00). Recently, the cost has faced significant support from the melamine market.

Melamine analysts from Business Society believe that cost support still exists, and downstream purchases continue to be in demand. Market trading is orderly, and it is expected that in the short term, the melamine market may remain stable and operate on a wait-and-see basis. More attention needs to be paid to market news guidance.