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Melamine prices in China rose from late July to August 5, 2020, with the average price up 5.26% over that period. Operating rates were about 60%, and supply was described as tight while sales were acceptable.
Upstream urea in Shandong rose 5.70% over the same stretch, and liquid ammonia costs also firmed.
Higher urea and ammonia costs lift melamine production costs, and tight supply supports prices in the short term. Urea strength also feeds into nitrogen fertilizer pricing.
sunsirs.comAug 6, 2020Not 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.
