This week, the melamine market is mainly stable, with a strong market atmosphere. According to the Commodity Market Analysis System of Shengyishe, as of December 15th, the average price of melamine enterprises was 7250.00 yuan/ton, which is unchanged from Monday’s price.

Cost side: According to the analysis system chart of the commodity market in Shengyishe, the reference price for urea on December 14th was 2567.50, a decrease of 1.31% compared to December 1st (2601.67). Recently, the raw material urea market has been consolidating narrowly, and the cost is facing significant support from the melamine market.

Supply and demand side: At present, the production of melamine on the supply side is at a high level, and downstream demand is being replenished in an appropriate amount. Purchasing in the market is active, and melamine enterprises have sufficient advance orders. The demand side support is strong, and the trading atmosphere in the melamine market has improved.

Melamine analysts from Business Society believe that under the support of recent costs and demand, the melamine market is operating steadily with a strong atmosphere. Enterprises are mainly executing pending orders in an orderly manner. It is expected that the melamine market may continue to operate steadily with a strong atmosphere in the short term, and more attention still needs to be paid to changes in raw material urea prices and enterprise operating conditions.