1、 Melamine price trend:

(Figure: P value curve of melamine product)

2、 Market analysis:

Product: melamine market fell slightly this week. The operating rate of melamine enterprises has gradually picked up, downstream users purchase on demand, buying gas in general, enterprise inventory is still under pressure, and this week some enterprise prices are down. According to the data of the large scale list of business associations, the average price of melamine enterprises on the 20th was 5433.33 yuan / ton, down 1.21% compared with that at the beginning of the week, and the mainstream price of domestic melamine market on the 20th was around 4800-5600 yuan / ton. At present, the mainstream price of melamine market in Xinjiang is around 4800 yuan / ton; the mainstream price of melamine market in Sichuan is around 5200 yuan / ton; the mainstream price of melamine market in Henan is around 5100 yuan / ton. The main quotation of melamine market in Shandong is around 5400 yuan / ton.

Industry chain: in recent (3.9-3.19), the upstream urea price dropped, with a drop of 1.29% in this period. At present, the agricultural demand is weak, the downstream industry is less active in urea procurement, and there is no obvious good support. The downstream procurement is cautious.

Industry: according to the price monitoring of the business agency, there are seven commodities in the list of commodity prices rising and falling on March 19, 2020, among which the top three commodities are isopropanol (3.52%), ammonium chloride (2.85%) and dichloromethane (2.62%). There are 20 kinds of commodities falling on a month on month basis, 3 kinds of commodities falling by more than 5%, accounting for 3.4% of the number of commodities monitored in this sector; the top 3 products falling are ox (- 8.00%), propane (- 6.57%), chloroform (- 5.88%). The average price of this day was – 0.54%.

3、 Future forecast:

According to melamine analysts of the business club, it is expected that in the short term, the melamine market will be dominated by low-level consolidation and operation, and more attention should be paid to the transaction situation in the mainstream market.