I. melamine price trend:

According to the data of the business club’s large scale list, the domestic melamine market price fell this week, down 1.64% compared with the beginning of the week (November 4), and the mainstream domestic melamine price on November 8 was 5200-5600 yuan / ton.

II. Market analysis:

Product: domestic melamine market price fell this week. Melamine operation rate is at a high level, the supply of goods is sufficient, and the demand is not good. Most downstream manufacturers are cautious in receiving goods and purchasing on demand, most of which focus on wait-and-see. At present, the mainstream price of melamine market in Xinjiang is around 4900 yuan / ton; the mainstream price of melamine market in Sichuan is around 5400 yuan / ton; the mainstream price of melamine market in Henan is around 5600 yuan / ton. The main quotation of melamine market in Shandong is around 5600 yuan / ton.

Industrial chain: the ex factory price (11.4-11.8) of urea in Shandong in the upstream of this week is running smoothly. The upstream liquid ammonia price (11.4-11.8) fell slightly, down 0.62%. Downstream papermaking, plate, molding plastics and other industries started in a downturn, the actual demand is still poor, and the confidence of the industry is insufficient.

3. Future forecast:

Melamine analysts of the business association believe that the price of raw urea is stable this week, the price of liquid ammonia is slightly lower, and the cost is slightly weakened in the face of melamine support. The domestic melamine operation rate is at a high level. Due to the weak downstream demand and limited digestion capacity of melamine sources, it is expected that the domestic melamine market will be weak and stable in the short term, and more attention should be paid to the upstream raw material price changes.