According to the monitoring sample data of business society, as of July 27, the average price of melamine enterprises was 13300 yuan / ton, up 0.50% compared with the price on July 20, 24.69% compared with the price on June 27, and 15.65% year-on-year in a three-month cycle.

In mid and early July, the melamine market rose steadily, with an increase of 22.53%. Since late July, the melamine market has been mainly stable, and the low-end quotation has increased. The recent export support is stable, but the domestic trade demand is flat. With the melamine price rising to a high level, the resistance in the downstream is increasing, the manufacturers follow up the new orders in general, and the market wait-and-see mood is strong.

Melamine export data from January to June 2021 (unit: kg)

Upstream urea, the urea market in Shandong rose on July 26, up 1.08% compared with the price on July 20. On the whole, the urea cost support is strengthened, the downstream demand is weakened, and the urea supply is tight.

Melamine analyst at the business community believes that the upstream urea price is rising and the cost side has certain support. But with the improvement of the melamine operating rate and the lack of follow-up on domestic trade demand, the melamine high-end price or rational callback is dominated by short-term or stable adjustment.