The market has shown an upward trend and is stabilizing towards the weekend

This week, some companies shut down their equipment for maintenance, but overall, the operating load rate has slightly increased, and the supply of goods is relatively sufficient, with only partial supply being tight. Due to the fact that the manufacturer received orders last weekend and the increase in export orders, the willingness of the manufacturer to increase prices has become stronger this week, with prices increasing by 100-200 yuan at the beginning of the week.

As the weekend approaches, the market gradually stabilizes and demand returns to a flat state once again.

Recently, the mainstream urea raw material has remained stable, providing some cost support for melamine. However, the downstream market is still following up rationally based on its own situation, replenishing inventory in an appropriate amount, and observing the future market as the main focus. At present, most manufacturers are executing pre order orders, and there is not much inventory pressure, with some still showing a willingness to explore price increases.

The supply is relatively sufficient, and the market may stabilize or make minor adjustments next week

From a cost perspective, the urea market may experience a narrow consolidation in the short term and still operate at a high level, with sustained cost support. From a supply perspective, some companies plan to shut down for maintenance next week

Some enterprises have plans to resume production, but the operating load rate still fluctuates within a narrow range of over 60%. The overall supply of goods is sufficient, and the supply is relatively stable, with only some enterprises experiencing slightly tight supply. From a demand perspective

Despite the increase in new orders and improved demand over the weekend, manufacturers have raised their prices. However, due to the lack of significant improvement in downstream production and the bearish attitude of industry insiders towards the future market, demand has returned to a flat state once again. In the short term, the supply and demand side may still have limited benefits, and businesses are more rational in following up, mainly observing the future market

I believe that the melamine market may stabilize slightly next Wednesday. Continuously monitor changes in urea market and follow up on new orders.

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