Just after New Year's Day, the domestic melamine market fell weakly. As the Chinese New Year holidays approached, downstream factories in some areas have stopped work and holidays, and the overall enthusiasm for taking goods has been lower. Some manufacturers have reduced their prices and attracted orders. The mainstream domestic domestic pressure products have dropped to 5100- 5200 yuan / ton leaves the factory. It is reported that the large amount can be discounted to 5,000 yuan / ton, and the actual transaction is relatively flexible. The industry has a strong bearish sentiment on the market outlook, and is not enthusiastic in trading. Manufacturers' orders are more general.
Although many factories have stopped and overhauled recently, in the state of sluggish demand, the supply of goods in the market is still abundant, and the average weekly operating load is more than 60%. In the later period, Sichuan Yuxiang plans to open another 50,000-ton plant tomorrow; Hubei Huaqiang plans to resume the plant this weekend; Sichuan Yulong and Henan Zhongyuan Dahua plan to resume the plant next week; other units have no maintenance plans for the time being. From this point of view, next week the supply of melamine is only a lot, and the operating rate will pick up.
需求 From the perspective of demand, due to environmental impacts, downstream factories in some northern regions have not started steadily, and terminal demand is difficult to release, and procurement is mainly based on rigid demand. In addition, there are less than two weeks before the Spring Festival, downstream terminals will be on holiday, demand continues to weaken, it is difficult to improve the enthusiasm for getting goods, and the market trading atmosphere is gradually deserted. The export market also performed poorly. According to customs statistics, melamine exports in November were 26,874 tons, an increase of 13.76% month-on-month, and a decrease of 22.73% year-on-year. The global economic environment is weak, demand is poor, exporters have lowered prices, and production plants have made profits. Compressed, export volume has decreased significantly compared to the same period last year, and prices have continued to fall.
Overall, there is still oversupply in the market, lack of strong favorable support in supply and demand, and raw material urea is also weak, with limited cost support. It is expected that the domestic melamine market will continue its low consolidation in the short term. It is recommended to pay attention to the dynamics of enterprise installations and the follow-up of new orders from manufacturers.
