1. Melamine price trend:

According to the price monitoring of business associations: as of October 12, the mainstream price of domestic melamine was 5700-6000 yuan/ton, which was flat compared with 11, and the market of melamine was temporarily stable, up 1.07% compared with September 12.

II. Market analysis:

Products: The domestic market for melamine was stable on the 12th. Melamine market trading atmosphere is flat, the start rate is at a high level, but the downstream consumption speed follow-up power is insufficient, the new single transaction is not warm, downstream users have a strong wait-and-see mood. At present, the mainstream price of melamine market in Xinjiang is around 5400 yuan / ton; the mainstream price of melamine market in Sichuan is around 5800 yuan / ton; the mainstream price of melamine market in Henan is around 5800 yuan / ton. The mainstream quotation of melamine market in Shandong is around 5800 yuan/ton.

Industry chain: The upstream urea factory price in Shandong Province (10.8-10.12) rose slightly this week, from 1796.67 yuan/ton at the beginning of the week to 1800.00 yuan/ton at the end of the week, an increase of 0.19%. Upstream liquid ammonia prices (10.8-10.12) rose slightly, an increase of 0.21%. The demand performance of downstream industries such as sheet metal, paper making and moulding plastics is general.

3. Future market forecast:

Melamine analysts at the business association believe that the slight rise in the price of raw materials upstream has little impact on melamine. Domestic start-up rate is at a high level, but downstream demand is not strong, and the digestibility of melamine supply is limited. It is expected that in the short term, the melamine market will be dominated by weak consolidation operation.