The melamine market has remained stable this week. According to the Commodity Market Analysis System of Shengyishe, as of December 22, the average price of melamine enterprises was 7250.00 yuan/ton, which is unchanged from Monday’s price.

Cost side: According to the analysis system chart of the commodity market of Shengyishe, the reference price of urea on December 21 was 2558.33, a decrease of 1.67% compared to December 1 (2601.67). Recently, the market price of raw material urea has slightly declined, and the cost face is generally supported by the melamine market.

Supply and demand side: Some enterprises on the supply side have shut down their facilities, resulting in a reduction in overall market supply compared to the previous period. Downstream hoarding is concentrated towards the end of the year, and enterprises have sufficient orders to be issued. Market trading is orderly, and the melamine market is operating steadily with a strong bias towards stability.

Melamine analysts from Business Society believe that the current cost impact is limited, the market supply is tight, and companies are orderly shipping early orders. The market atmosphere is still good, and it is expected that the melamine market may operate steadily, with a stronger trend in the short term. More attention should be paid to market news guidance.