Driven by Strong Cost-Side Pressure, Melamine Prices Shifted to a Higher Level and then Stabilized

By SKYSEVEN Chemical Technical Team · 2026-09-16

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Entering the second week of September (September 7–14), the melamine market exhibited a trend of "initial rise followed by stability." As of September 15, the benchmark price for melamine tracked by SunSirs stood at 6,250.00 RMB/ton, marking a 1.21% increase from the beginning of the month (6,175.00 RMB/ton).

Recent trends show that the price stood at 6,212.50 RMB/ton on September 7 and subsequently rose gradually; after breaking through to 6,250 RMB/ton on September 10, it entered a period of stability, holding steady at 6,250.00 RMB/ton to four consecutive trading days from September 11 to 14, with zero daily fluctuation. Overall, the market operated stably, with the price level shifting upward compared to the previous period.

Cost-side driver: A sharp rise in urea prices provided support

Urea, the upstream raw material to melamine, has shown greater market strength this month. On September 15, the benchmark price to urea (as tracked by SunSirs) stood at 1,800.00 RMB/ton, marking a significant 4.96% increase from the beginning of the month (1,715.00 RMB/ton)—a rate of development notably higher than that of melamine (1.21%).

The rapid surge in urea prices has exerted significant upward pressure on the melamine market from the cost side; this is the primary driver behind the recent upward shift and sustained firmness of melamine prices.

Market Outlook:

Overall, driven by rising urea costs, melamine prices have recently increased, and the market is operating stably.

In the short term, supported by costs, melamine prices are expected to consolidate at high levels. From a medium- to prolonged perspective—given that price levels remain comparatively low compared to the past year and the market is not showing signs of extreme overvaluation—future trends will depend largely on the sustainability of raw material factors and the extent of downstream demand.

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