According to the monitoring sample data of business society, as of November 12, the average price of melamine enterprises was 18400 yuan / ton, down 3.50% compared with Monday’s price and up 2.79% compared with October 12.

Melamine market fell this week. Recently, the price of raw urea has temporarily stabilized after falling, the cost support has weakened, the domestic downstream market demand is weak, the export market is mainly wait-and-see, the willingness to purchase is not high, the inventory of some enterprises is under pressure, and the focus of market negotiation has weakened under the weak demand support.

For upstream urea, the domestic urea market was temporarily stable on November 12, down 2.46% compared with the quotation on Monday. Upstream coal prices have fallen slightly recently and cost support has weakened. In terms of demand, the peak of agricultural demand has passed, sporadic fertilizer supplement in some areas, industrial demand is just needed, the demand for urea in downstream compound fertilizer and rubber plate plants is good, the operating load rate of melamine enterprises remains at a high level, and most of them follow up with the appropriate amount. In terms of supply, urea enters the centralized maintenance period, and the supply decreases. On the whole, the urea cost support is weakened, the downstream demand is weakened, and the urea supply is insufficient.

Melamine analysts of business society believe that at present, the cost support is limited and the weak demand restricts the market. It is expected that in the short term, the melamine market may be dominated by weak operation, and more attention should be paid to the guidance of market news.