1、 Melamine price trend:

(Figure: P value curve of melamine product)

2、 Market analysis:

Products: melamine market in the near future weak operation. The average price of melamine enterprises quoted on April 8 was 5200 yuan / ton, down 2.5% compared with that on April 1, according to the data in the bulk list of business agencies. On August 8, the mainstream price of melamine market in China was around 4600-5400 yuan / ton. At present, the mainstream price of melamine market in Xinjiang is around 4600 yuan / ton; the mainstream price of melamine market in Sichuan is around 4900 yuan / ton; the mainstream price of melamine market in Henan is around 4800 yuan / ton. The main quotation of melamine market in Shandong is around 5000 yuan / ton.

On April 8, the melamine commodity index was 55.91, the same as yesterday, a record low in the cycle, down 44.09% from the peak of 100.00 on September 18, 2011. (Note: cycle refers to 2011-09-01 to now)

Industrial chain: on April 8, the main factory price of small particle urea in Shandong Province was temporarily stable: Ruixing Chemical Co., Ltd. offered 1700 yuan / ton, which was temporarily stable; Mingshui Chemical Co., Ltd. offered 1740 yuan / ton, which was temporarily stable; Yangmei plain offered 1700 yuan / ton, which was temporarily stable. On the whole, the ex factory price of urea in Shandong was temporarily stable on August 8, and the actual transaction price was subject to negotiation.

Industry: according to the price monitoring of the business agency, there are 16 kinds of commodities in the rise and fall list of bulk commodity prices on April 8, 2020, including 1 kind of commodity with an increase of more than 5%, accounting for 1.1% of the number of commodities monitored in the plate; the top three commodities are acetone (9.87%), bisphenol A (3.60%) and phthalic anhydride (3.19%). There are 14 kinds of commodities falling on a month on month basis, with 3 kinds of commodities falling by more than 5%, accounting for 3.4% of the number of commodities monitored in the sector; the top 3 products falling are hydrochloric acid (- 32.89%), ethylene (- 6.96%) and butadiene (- 6.32%). The average price of this day was – 0.27%.

3、 Future forecast:

Melamine analysts believe that the recent upstream urea market is mainly stable, with limited impact on melamine. At present, the supply of melamine market is sufficient, but the demand side is low, the contradiction between supply and demand is sharp, and the focus of market negotiation is weak under the pressure of sales. It is expected that in the short term, the melamine market will be dominated by weak operation, and more attention should be paid to the change of raw material price and the transaction situation in the mainstream market.