According to the bulk list data of business society, as of December 29, the average quotation price of melamine enterprises was 9733.33 yuan / ton, down 39.67% compared with the price on December 1, down 43.74% year-on-year in a three-month cycle and up 33.94% compared with the same period last year.

The overall trend of melamine market fell sharply in December. In the first half of the month, the price of raw urea gradually declined and the cost support gradually loosened. The overall start-up of melamine market was at a high level, and the downstream start-up was limited. In some areas, due to environmental protection control and other factors, the just need to follow up was weak. In terms of export, it was mainly wait-and-see, the shipment of enterprises was under pressure, the contradiction between supply and demand was prominent, and the overall atmosphere of the market was weak. In the second half of the month, the raw material urea was in strong operation. With the sharp decline in the price of melamine in the early stage, the cost pressure was obvious, and the inquiry in the export market was improved. The enterprise’s shipment was ok, the price stopped falling and rose. Near the end of the month, the demand side showed general performance and the market atmosphere was light.

Upstream urea, according to the monitoring data of business society, the domestic urea market rose on December 29, and the reference price of urea was 2552.00 on December 29, an increase of 1.92% compared with December 1. The prices of upstream coal and liquefied natural gas have been adjusted at a low level recently, and the cost support has weakened. From the perspective of demand: the promotion of agricultural demand is accelerated, and industrial demand is mainly wait-and-see. Agricultural fertilizer preparation began to increase in some areas, and the winter storage of chemical fertilizer is expected to accelerate. The market price of melamine fell sharply, the inventory of enterprises was under pressure, and the focus of market negotiation weakened. In terms of supply, some gas head enterprises stopped production for maintenance, and the daily output of urea decreased slightly. On the whole, urea cost support weakened, downstream demand increased, urea supply was insufficient, and urea rose slightly in the future.

Melamine analysts of business society believe that at present, the upstream urea price has risen and the cost support has increased. Recently, the operating rate of melamine has declined slightly, but the demand follow-up is insufficient. Enterprises mainly execute early orders, and the market atmosphere is weak. It is expected that in the short term, the melamine market may operate stably and weakly, and more attention should be paid to the guidance of market news.