1、 Melamine price trend

(Figure: p-value curve of melamine products)

2、 Market analysis

Recently, melamine market has been running strongly. According to the monitoring sample data of the business agency, as of April 21, the average price quoted by melamine enterprises was 10500 yuan / ton, up 4.48% compared with last Thursday (April 14), up 30.71% compared with March 21, and up 105.88% compared with the same period last year.

Recently, the price of upstream urea rose, the cost side support rose, the demand side export was better, the domestic trade performance was general, just demand was the main, melamine enterprises received more orders in advance, the spot supply was tight, and the focus of melamine market negotiation was high and firm.

Upstream urea, April 21, Shandong urea market rose. Demand side: agricultural demand is mainly sporadic procurement; downstream compound fertilizer, plastic plate plant start load increased slightly, most go with the market. Supply side: at present, the operating rate of urea enterprises is about 70%, with a decrease, and the daily output is about 150000 tons. Urea plant maintenance, supply side tightening.

According to the price monitoring of the business community, on April 20, 2021, in the list of commodity prices, there were 25 kinds of commodities in the chemical industry sector that rose on a month on month basis, of which 2 kinds of commodities rose by more than 5%, accounting for 2.2% of the number of commodities monitored in the sector; the top 3 commodities that rose were ox (5.36%), maleic anhydride (5.09%) and cyclohexanone (4.23%). A total of 10 kinds of commodities declined on a month on month basis, with TDI (- 3.06%), formic acid (- 2.63%) and epoxy resin (- 0.82%) as the top three products. The average daily rise or fall was 0.3%.

3、 Future forecast

Melamine analysts of business news agency believe that the current cost side has a certain support, coupled with the tight spot supply, and the downstream just needs to follow up. It is expected that the melamine market may be strong in the short term, and the trend of the market needs more attention.