+086 1911-7288-062 [ CN ]
Cookies give you a personalized experience,Сookie files help us to enhance your experience using our website, simplify navigation, keep our website safe and assist in our marketing efforts. By clicking "Accept", you agree to the storing of cookies on your device for these purposes.For more information, review our Cookies Policy.
Share:
Review of Recent Price Trends: An Initial Dip Followed by a Rebound; Overall Resilience Led to Slight Gains as the Melamine Market Underwent a Recovery from Low Levels
According to data and direction charts from SunSirs, the price of melamine has recently followed a pattern of "decline—stabilization—slight increase":
Early-week adjustment: The benchmark price stood at 6,075.00 RMB/ton on November 3, then dipped slightly by 0.21% to 6,062.50 RMB/ton on November 4.
Stabilization: From November 5 to November 8, the price remained flat at 6,062.50 RMB/ton to four consecutive days, signaling a clear bottoming-out process in the market.
Weekend rebound: On November 9, the price rose by 0.21% to 6,075.00 RMB/ton. As of November 10, the price had recorded a net increase of 0.21% to the week, reflecting a firm, modestly upward market direction.
Cost side:
On November 10, the benchmark price to urea, as tracked by SunSirs, stood at 1,752.50 RMB/ton—an increase of 0.43% since the beginning of the month. As a key upstream raw material to melamine, this slight rise in urea prices has provided a degree of cost support to melamine. This is also a significant reason why, during the latter half of this week, melamine producers have shown a stronger inclination to maintain their price levels, halting the downward direction in the market.
complete Assessment and Market Outlook
Summary: The melamine market is currently in a phase shaped by the convergence of three factors: a prolonged historical low, support from a slight rise in the cost of urea, and a technical rebound in immediate pricing. The market has demonstrated strong resilience against further declines, holding steady around the 6,060 RMB/ton level.
Market Outlook:
In the short term, the melamine market is likely to remain "firm however consolidating," characterized by narrow-range fluctuations. Key signals to watch include:
1. Key Technical Indicators: Monitor whether the 10-day moving average can decisively cross above the 20-day moving average; such a crossover would signal the start of a genuine upward direction.
2. Demand Follow-through: Given the current modest gains from a low base, observe whether downstream end-consumers show an increased willingness to purchase—driven by the common market mentality of "buying into a rising market rather than a falling one." If demand fails to expand significantly, the possible to a rebound might be limited.
3. Raw Material Price evaporative environment: Continue to track urea price trends. A sustained rise in raw material costs would efficiently raise the "floor" (support level) to melamine prices.
SunSirs has been continuously tracking price data to over 200 commodities to nearly 20 years, please contact support@sunsirs.com to subscription.
We will contact you soon
888CHEM
Japanese 
Korean 
Hindi 
Russian 
Arabic 
Malay 
