1. Melamine price trend:

According to the price monitoring of business associations, the market price of melamine rose slightly this week. At present, the mainstream price of domestic melamine is 5500-6000 yuan/ton, up 1.08% compared with the beginning of the week, and down 0.53% compared with August 6.

II. Market analysis:

Products: Melamine market prices rose slightly this week. In recent days, the domestic melamine plant start-up rate is about 58%, the supply of goods is still acceptable, but downstream papermaking, sheet metal, moulding plastics and other industries start to slump, the actual demand is still poor, most manufacturers are cautious to receive goods, mostly wait-and-see. At present, the mainstream quotation of melamine market in Xinjiang is around 5400 yuan/ton; the mainstream quotation of melamine market in Sichuan is around 5700 yuan/ton; and the mainstream quotation of melamine market in Henan is around 5700 yuan/ton.

Industry chain: This week raw material liquid ammonia stable operation, but the urea market is weak, prices fell, the weekly decline of 1.62%, the cost of melamine negative impact. Terminal demand is still flat, there is no substantive improvement, business people are more wait-and-see mentality.

Industry: According to the price monitoring of business associations, in the 35th week (9.2-9.6) of 2019, there were 31 kinds of commodities rising annually in the chemical sector, of which 8 commodities increased by more than 5%, accounting for 9.5% of the monitored commodities in the sector; the first three commodities were butanone (13.06%), yellow phosphorus (11.51%) and mixed xylene (8.50%). There are 21 kinds of commodities with a decline of more than 5%, accounting for 4.8% of the monitored commodities in this sector. The products with the first three declines are trichloromethane (-8.16%), lithium hydroxide (-6.14%) and lithium carbonate (-6.00%). This week’s average rise and fall was 0.61%.

3. Future market forecast:

Business analysts believe that although the melamine market has a steady upward trend, there are no strong positive factors stimulating the upstream and downstream markets. It is expected that in the short term, the melamine market will be dominated by consolidation and wait-and-see, focusing on information guidance such as environmental protection and production restriction.