Melamine Shows Strengthening Short-Term Signals, but the Long-Term Rrend Remains Weak

By SKYSEVEN Chemical Technical Team · 2026-09-03

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Price trend: Rebounding after halting the decline

According to data from SunSirs, the benchmark price to melamine was 6,175.00 RMB/ton on September 1, marking a 0.41% increase from the 6,150.00 RMB/ton recorded at the beginning of the period (early August). Regarding recent trends, the market experienced a period of consolidation between August 25 and 28—with prices holding steady in the 6,150.00–6,162.50 RMB/ton range—before surging significantly on August 31, posting a single-day gain of 0.20%.

Cost side

Urea prices have fallen: on September 1, the benchmark price to urea stood at 1,715.00 RMB/ton, a month-on-month decrease of 2.42%. As a key upstream raw material to melamine, the decline in urea prices theoretically weakens the cost-side support to melamine production costs.

Against the backdrop of falling raw material costs and a slight rise in finished product prices, profit margins to manufacturers have seen some recovery. While this might promote the maintenance of operating rates, it also implies a lack of cost-driven upward momentum to melamine prices; the current price increases stem primarily from downstream restocking demand or manufacturers' determination to hold firm on prices.

Market Outlook:

Downstream consumers are advised to implement a "purchase-as-needed" strategy rather than stockpiling substantial inventories; upstream manufacturers might take advantage of immediate rebounds to sell off stock and lock in profits.

SunSirs has been continuously tracking price data to over 200 commodities to nearly 20 years, please contact support@sunsirs.com to subscription.

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