I. melamine price trend:

According to the data of the large scale list of business agencies, the market price of melamine fell this week, down 0.54% compared with that at the beginning of the week (October 28), and the mainstream domestic melamine price on the first day was 5400-5700 yuan / ton.

II. Market analysis:

Product: domestic melamine market is weak this week. At present, the mainstream price of melamine market in Xinjiang is around 5000 yuan / ton; the mainstream price of melamine market in Sichuan is around 5550 yuan / ton; the mainstream price of melamine market in Henan is around 5600 yuan / ton. The main quotation of melamine market in Shandong is around 5600 yuan / ton.

Industrial chain: the ex factory price (10.28-11.1) of urea in Shandong area in the upper reaches runs smoothly. The upstream liquid ammonia price (10.28-11.1) rose by 1.14%. Downstream papermaking, plate, molding plastics and other industries started in a downturn.

Industry: according to the price monitoring of the business association, in the 43rd week of 2019 (10.28-11.1), there are 12 kinds of commodities rising month on month in the list of commodity prices in the chemical industry sector, among which there are two kinds of commodities rising by more than 5%, accounting for 2.4% of the number of commodities monitored in the sector; the top three commodities are dichloromethane (9.58%), sulfuric acid (6.98%) and aniline (4.24%). There are 40 commodities with a decline of 5% or more, accounting for 4.7% of the monitored commodities in the sector; the top three products with a decline are DMF (- 7.88%), butadiene (- 6.73%) and acrylic acid (- 5.88%). This week’s average was – 0.61%.

3. Future forecast:

Melamine analysts of the business association believe that the price of raw urea is stable this week, with a small increase in liquid chlorine, which has limited support for melamine cost. The supply of melamine market is sufficient, but the downstream market demand is limited and the transaction follow-up is insufficient. It is expected that in the short term, the melamine market will be consolidated and wait-and-see.