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Chinese melamine prices were stable in early February 2021, averaging 7,033 RMB/ton, flat week on week and down 3.21% from early January. Market activity was quiet ahead of the Spring Festival, and urea prices in Shandong were steady but high.
Routine price commentary with no new supply shock; high urea prices in China slightly support nitrogen fertiliser costs but do not signal a major move in feed inputs.
sunsirs.comFeb 3, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
