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The Melamine Market Was Running Weakly (May 20-26)

May 30, 2022

Latest company news about The Melamine Market Was Running Weakly (May 20-26)

. Upstream coal and liquefied natural gas prices fluctuated slightly, with general cost support.

From the perspective of demand: agricultural demand was weakening, industrial demand was general, and downstream customers had a strong wait-and-see attitude towards high-priced urea. The policy of guaranteeing supply and stabilizing prices remained unchanged.

Market outlook

The melamine analyst of SunSirs believes that the current price of raw material urea is high, the cost pressure is still there, the supply side is operating at a high level, the demand side is not performing well, and the supply and demand support is insufficient. It is expected that in the short term, the melamine market will be dominated by weak consolidation.

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