According to the Commodity Market Analysis System of Shengyishe, as of November 29th, the average price of melamine enterprises was 7325.00 yuan/ton, an increase of 2.09% compared to the price on November 1st.

The market price of melamine rose first and then fell in November. At the beginning of the month, there was significant cost support, with sufficient pre received orders from enterprises, supporting some companies to raise prices. With the restart of some maintenance equipment, the supply side has increased, but downstream markets have insufficient purchasing power. Inquiries and purchases mainly need to follow up, and the melamine market is operating weakly. In mid month, the price of raw material urea fluctuated at a high level, with average cost support. The utilization rate of melamine production capacity was high, and enterprises mainly executed advance orders. Downstream demand follow-up was average, and market negotiations focused on stability. In the second half of the year, cost support was limited, market supply was sufficient, domestic downstream demand was weak, export order support was still acceptable, and enterprises mainly shipped early orders in an orderly manner. The market atmosphere was flat, and the melamine market was stable but weak.

According to the commodity market analysis system of Business Society, the reference price of urea on November 28th was 2586.67, an increase of 2.24% compared to November 1st (2530.00).

Melamine analysts from Business Society believe that the current cost support is average, the industry is operating at a high level, and downstream demand is not following up enough. It is expected that the melamine market will operate weakly in the short term, and more attention should be paid to market news guidance.