1. Melamine price trend:
According to the data of business associations’list, as of August 20, the market price of melamine had dropped. At present, the mainstream price of melamine in China was 5400-5800 yuan/ton, down 4.17% compared with August 1 and 1.08% compared with August 14.
| poly gamma glutamic acid |
II. Market analysis:
Products: Melamine market price down. At present, some production enterprises have equipment overhaul, but downstream demand is weak, new orders are weak, and inventory is mostly under pressure. At present, the market reference price of melamine in Xinjiang is around 5200 yuan/ton, that in Sichuan is around 5500 yuan/ton, and that in Henan is around 5700 yuan/ton.
| Poly glutamic acid |
Industry Chain: Upstream urea market in Shandong Province has been stable until the 20th. The demand of downstream industries such as sheet metal, papermaking, moulding plastics has not been significantly increased. Businessmen mainly wait and see, and the trading atmosphere is cold.
3. Future market forecast:
Melamine analysts of business associations believe that although some production enterprises have good support for melamine, downstream market demand is weak, users are cautious about the current price, manufacturers’willingness to ship increases, short-term market prospects are weak, and it is expected that in the short term, the market for melamine may be on offer. Looking ahead, we still need to pay attention to the price changes of raw materials upstream.
| Polyglutamic acid |