This week, China’s domestic melamine market was stable (6.17-6.21)

1. Melamine price trend:

According to the price monitoring of business associations: as of June 21, the market of melamine has been stable. At present, the mainstream price of domestic melamine is 5300-7200 yuan/ton, which is stable compared with the beginning of the week.

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II. Market analysis:

Products: The domestic market for melamine has been stable this week. Downstream demand is sluggish, and the market lacks strong positive factors to support it.

Industry chain: The domestic market of liquid ammonia in the upstream is tidied up slightly, the market performance is weak, the market turnover is still acceptable, the inventory pressure of manufacturers is not large, normal delivery.

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3. Future market forecast:

According to business associations, the short-term domestic melamine market may be dominated by weak consolidation and operation. Some distributors are tentative hoarding, which is expected to drive up the market price of melamine, but the price increase still needs to pay close attention to the changes in the start-up rate of production enterprises.

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