According to the monitoring sample data of Business News Agency, as of January 6, the average price of melamine enterprises was 8233.33 yuan/ton, which was the same as that of Tuesday (January 3), and was 1.20% lower than that of December 6, 2022 (the reference price of melamine was 8333.33 yuan/ton).

The melamine market this week was mainly stable. Recently, the market price of raw material urea has risen slightly, the cost support has increased, the operating rate of melamine market has declined, and the output has decreased slightly. In addition to the export support, the enterprises have a low mentality, but the performance of domestic downstream demand is not good, the purchase is scattered and rigid, the market trading atmosphere is stagnant, and the price fluctuates steadily.

For upstream urea, the domestic urea market rose on January 6. On January 5, the reference price of urea was 2725.00, up 1% from January 1 (2698.00).

Melamine analysts from the Business Agency believe that at present, the price of raw material urea has risen, the cost support has been strengthened, the industry operating rate is low, and the export order is still good, which has some support for the melamine market, but the downstream demand follow-up is insufficient, and the enthusiasm for centralized stock is not high. It is expected that in the short term, the melamine market will probably stagnate, and more attention needs to be paid to the guidance of market information.