This week (2.7-2.11), the market of CIS polybutadiene rubber rose slightly. According to the monitoring of business agency, as of February 11, the price of CIS polybutadiene rubber in China was 13880 yuan / ton, up 1.31% from 13700 yuan / ton at the beginning of the week.

After the festival (2.7-2.11), the ex factory price of CIS polybutadiene rubber of domestic enterprises increased. According to the monitoring of business society, as of February 11, the ex warehouse price of Daqing Shunding of Sinopec North China sales company was 13700 yuan / ton. After the downstream Festival, the market offer of traders was slightly adjusted, and the overall market rose slightly this week. According to the monitoring of business agency, the domestic market quotation of CIS polybutadiene rubber is between 13700 ~ 14000 yuan / ton.

The start of polybutadiene rubber remained stable this week.

During and after the Spring Festival, the start-up of domestic CIS polybutadiene rubber devices was low, and Qi Xiang Tengda, Huayu and other devices were temporarily stopped; Zhenhua petrochemical, Lande, Qilu and other Shunding units are operating at a reduced rate, and the overall start-up of the industry is lower.

Butadiene prices rose sharply this week and the cost side rose. According to the monitoring of business society, as of February 11, the price of butadiene was 7121 yuan / ton, up 10.64% from 6436 yuan / ton at the beginning of the week.

The natural rubber market rose this week. According to the monitoring of business society, as of February 11, the price of natural rubber was 13700 yuan / ton, up 3.32% from 13260 yuan / ton at the beginning of the week. The effect on CIS polybutadiene rubber is more favorable.

Future forecast: business analysts believe that the price of raw materials rebounded sharply and the supply decreased. It is expected that the price of CIS polybutadiene rubber will be strong and continue to rise in the later stage.

Recent price trend of sulfuric acid

As can be seen from the above figure, the domestic sulfuric acid market price rose slightly this week, and the quotation increased from 726.67 yuan / ton last weekend to 751.67 yuan / ton this weekend, an increase of 3.44%, a year-on-year increase of 133.08% compared with the same period last year. Overall, the domestic sulfuric acid market rose slightly this week. On February 13, the sulfuric acid commodity index was 116.99, unchanged from yesterday, down 15.70% from the highest point of 138.78 in the cycle (2021-10-21), and up 271.16% from the lowest point of 31.52 on June 6, 2019. (Note: the period refers to the period from September 1, 2011 to now)

The upstream support is good, and the downstream procurement enthusiasm is enhanced

Judging from the manufacturer’s quotation, the price of domestic mainstream sulfuric acid manufacturers increased slightly this week, the manufacturer’s inventory is general, and the downstream demand is good. Heze Jiangyuan sulphuric acid is quoted at 1020 yuan / ton this weekend, which is temporarily stable compared with that at the beginning of the week; Zouping Tianlu sulfuric acid quoted 720 yuan / ton this weekend, which increased by 20 yuan / ton compared with the beginning of the week; Changzhou Qinghong sulfuric acid quoted 750 yuan / ton this weekend, up 50 yuan / ton compared with the beginning of the week; Changzhou Changjiang sulphuric acid quoted 750 yuan / ton this weekend, an increase of 80 yuan / ton compared with the beginning of the week; Xiangcheng San’an sulfuric acid is quoted at 650 yuan / ton this weekend, which is temporarily stable compared with that at the beginning of the week; Liaocheng Huatong sulfuric acid quoted 620 yuan / ton this weekend, which was temporarily stable compared with the beginning of the week.

From the perspective of upstream and downstream industrial chains, the upstream sulfur market rose slightly this week. The quotation rose from 2150 yuan / ton last weekend to 2170.00 yuan / ton this weekend, an increase of 0.93%, up 89.80% year-on-year compared with the same period last year. The upstream market has gradually risen in the near future, and the cost support has been strengthened. The downstream bromine market rose slightly, and the quotation increased from 58666.67 yuan / ton last weekend to 59000.00 yuan / ton this weekend, an increase of 0.57%, up 72.68% year-on-year compared with the same period last year. The downstream formic acid market rose slightly, with the quotation rising from 4550.00 yuan / ton last weekend to 4566.67 yuan / ton this weekend, an increase of 0.37%, up 72.33% year-on-year compared with the same period last year, and the downstream market rose slightly. On the whole, the upstream and downstream products had a positive impact on the price of sulfuric acid this week.

Market outlook rose slightly

In the middle and late February, the domestic sulfuric acid market may rise slightly. The upstream sulfur market has gradually risen recently, and the cost support is good. The downstream formic acid Market stopped falling and rose, the downstream bromine market rose slightly, the downstream customers had good enthusiasm for purchasing sulfuric acid, and the product trend rose under the contradiction between supply and demand. Sulfuric acid analysts of business society believe that under the influence of supply and demand and raw materials in the short-term domestic sulfuric acid market, the market price of sulfuric acid may rise slightly.

According to the data monitored by the business society, the market trend of PP first rose and then fell in early February, and the spot prices of various brands rose as a whole. As of February 11, the mainstream offer price of T30S (wire drawing) from domestic manufacturers and traders was about 8550 yuan / ton, with an increase or decrease of + 1.54% compared with the average price at the beginning of the month.

Cause analysis

Industrial chain: in terms of upstream propylene, the domestic propylene market ushered in a wave of rise after the festival, which was mainly affected by two factors. First, crude oil prices rose strongly during the Spring Festival, forming obvious support on the cost side; Second, the supply and demand side of propylene has not been fully restored, some propylene plants have not returned to work, and the transportation is not smooth due to festivals and weather, resulting in tight supply in the region and further contributing to the rise of propylene. In terms of cost and supply and demand, there is still some room for propylene to rise in the short-term market.

The price of upstream propylene has risen, the price of dynamic coal has been reduced by a narrow margin recently, the international crude oil is generally stronger, and the cost support of PP is acceptable. In terms of supply, the supply of PP is still abundant after the festival, and the operating rate of the industry is stable. Under the high load of the industry, the social inventory pressure increases, and the storage position of two barrels of oil depot increases. In terms of demand, terminal enterprises are gradually returning to work after the festival, the demand for goods preparation has not been fully launched, and there is no follow-up of large-scale purchase, which has a certain drag on the spot price. Merchants’ confidence in offering is poor, and the operation of giving away interest orders increases near the weekend.

In terms of fiber materials, according to the data monitored by the business society, as of February 11, the spot price trend of domestic fiber PP also rose. The mainstream offer price of Z30S (fiber) from domestic manufacturers and traders was about 8516.67 yuan / ton, with an increase or decrease of + 1.39% compared with the average price at the beginning of the month and a decrease of 0.00% year-on-year. After the festival, the demand for PP fiber materials also takes time. The consumption of end products is still stable. The main downstream non-woven enterprises gradually resume work, and the profit situation fluctuates in a narrow range. It is expected that it will take some time for the market participants of fiber materials to return after the festival.

In terms of meltblown materials, the meltblown PP market rose after the festival. As of January 11, the average quotation of domestic meltblown material sample enterprises monitored by the business society was about 9750 yuan / ton, with an increase or decrease of + 2.81% compared with the average price level at the beginning of the month. After the festival, the health events in various countries are still not optimistic. The number of local diagnoses in some regions of China has increased, which has a pull on the spot market of melt blown cloth. However, the supply of meltblown materials in the site is sufficient, and the saturation pattern of domestic meltblown materials and cloth enterprises remains unchanged. The rise in spot prices after the festival mostly comes from the cost side.

Future forecast

PP analysts of business society believe that: in early February, the domestic polypropylene market fell after rising, the dynamic coal fell in a narrow range, propylene rose in general, the trend of crude oil was strong and volatile, the cost side was generally positive, and the upstream support for PP was OK. The resumption of work of terminal enterprises is slow, the demand is poor, and the rise of PP spot is blocked. It is expected that the PP market may be dominated by weak operation in the short term.

According to the monitoring of the business agency, the price index of the domestic rare earth market has risen steadily. Recently, the rare earth market has risen sharply. Recently, the price of the domestic praseodymium neodymium series has continued to rise, and the price of the heavy rare earth market has increased slightly. On February 9, the rare earth index was 899 points, an increase of 19 points compared with yesterday and a decrease of 10.10% compared with the highest point of 1000 points in the cycle (December 6, 2011), It was 231.73% higher than the lowest point 271 on September 13, 2015. (Note: the period refers to the period from December 1, 2011 to now).

Recently, the price of domestic light rare earth market has continued to rise, and the price rise of praseodymium neodymium series, the mainstream of rare earth market, is dominated. In terms of products:

It can be clearly seen from the product price trend chart that the price trend of domestic metal neodymium, neodymium oxide, praseodymium oxide, metal praseodymium, praseodymium neodymium alloy and praseodymium neodymium oxide has increased sharply. As of the 10th, the price of neodymium oxide in rare earths in China was 1.13 million yuan / ton; The price of neodymium is 1355000 yuan / ton; The price of praseodymium oxide is 970000 yuan / ton; The price of praseodymium neodymium oxide is 1.01 million yuan / ton; The price of praseodymium neodymium alloy is 1235000 yuan / ton; The price of metal praseodymium is 1.3 million yuan / ton, and the domestic rare earth market trend continues to rise.

The sharp rise in the domestic rare earth market price is mainly due to the widening gap between supply and demand, the continuous resumption of metal factories and the continuous increase of on-site demand. However, due to insufficient indicators and more parking, the contradiction between supply and demand continues to expand, and the price trend in the yard rises. In addition, the downstream demand is strong, and the insufficient supply is good for the domestic rare earth market. Due to the shortage of raw materials, increased demand, and the aggravation of the supply shortage of praseodymium and neodymium oxide and other mainstream products of some large upstream groups, the market is bullish. In addition, the demand for permanent magnet has increased significantly, the rapid development of new energy industry has driven the development of many industries, and the upstream material rare earth permanent magnet has also caught the “express train”. The sales of new energy vehicles are normal. The demand for rare earth is at a high level, and the price of rare earth oxide is at a high level. The rare earth metal factory is more cautious in purchasing without lock orders. However, the price trend of rare earth market in the field has risen sharply recently.

The national environmental protection supervision is still continuing. Rare earth is in the peak season of traditional demand. Superimposed on the launch expectations of relevant policies in the rare earth industry, supply and demand are expected to resonate with policies, and the rare earth market continues to rise. In addition, the inventory of neodymium praseodymium oxide has been at a low level, the shipment willingness of cargo holders is low, the reluctance to sell and wait-and-see mood is strong, and the on-site price continues to rise. According to statistics, the demand for new energy vehicles has increased. According to the data released by China Automobile Industry Association, in December 2021, the production and sales of new energy vehicles completed 518000 and 531000 respectively, reaching a new high, with a year-on-year increase of 1.2 times and 1.1 times respectively. In 2021, the production and sales of new energy vehicles were 3.545 million and 3.521 million respectively, with a year-on-year increase of 1.6 times, and the market share reached 13.4%, 8 percentage points higher than that of the previous year. Driven by both market and policy, the demand market for vehicle gauge semiconductors broke out in an all-round way. Recently, the demand in the field of new energy is high, and the domestic light rare earth market price continued to rise. Driven by the demand for Nd-Fe-B, the price trend of domestic heavy rare earth market rose.

As can be seen from the trend chart, the price of domestic dysprosium series rose. As of the 10th, the price of dysprosium oxide was 3.055 million yuan / ton, the price of dysprosium ferroalloy was 3.035 million yuan / ton, the price of metal dysprosium was 3.87 million yuan / ton, and the price of domestic Terbium series rose, the price of domestic terbium oxide was 13.8 million yuan / ton, and the price of metal terbium was 17.2 million yuan / ton. The price trend of heavy rare earth is rising, the transaction situation in the domestic rare earth market is acceptable, and the leading magnetic material factory purchases actively, which makes the domestic heavy rare earth market price higher. Recently, the separation enterprises in the areas where medium and heavy rare earth mines are used such as Jiangxi, Hunan, Guangdong and Guangxi will face shutdown and maintenance. The tight supply makes the market price of heavy rare earth higher, and the export of Myanmar is limited, The supply disturbance is further aggravated, and the global rare earth supply is relatively concentrated. Myanmar is one of the production areas second only to China and the United States. Myanmar has a great impact on the products in the domestic heavy rare earth market. Recently, the on-site procurement is active, the stock mood is high, and the on-site heavy rare earth price trend continues to rise.

In addition, with the support of national policies, the first batch of Rare Earth total amount control indicators in 2022 meet the expectations, and the industry pattern continues to be optimized. On the 28th, the Ministry of industry and information technology and the Ministry of natural resources issued the first batch of Rare Earth total amount control indicators in 2022, of which the ore indicators and smelting separation indicators were 100800 tons and 97200 tons respectively. The increase of the index is in line with expectations, and the state is still relatively restrained in releasing the rare earth supply index. The first batch of ore indicators / smelting separation indicators in 2022 are + 20% year-on-year, and the growth rate is lower than that of the first batch in 2021 (year-on-year + 27.3% / 27.6%). It is expected that the overall supply and demand of rare earth will remain tight in 22 years. The index increment is still focused on light rare earths. Among the mining indicators in 2022, the rock ore type rare earth (mainly light rare earth) is 89310 tons, with a year-on-year increase of + 23.2%, and the ionic rare earth is 11490 tons, with a year-on-year balance. It is expected that the increment will be concentrated in light rare earth, which will be a long-term trend. In addition, the export volume of rare earths rose sharply in 2021, with a cumulative export of 107900 tons of rare earths throughout the year, a year-on-year increase of 38%. The rise of foreign demand led to the rise of the domestic rare earth market. On the whole, the demand for rare earth products increased, and the price of the domestic rare earth market increased.

With the sustainable development of new energy vehicles, wind power and variable frequency air conditioning in the downstream of rare earth, the demand continues. In addition, the domestic rare earth supply is still tight and the inventory continues to decline. Recently, the on-site transaction market is good, but the on-site supply is still tight and the demand at home and abroad continues to rise. Chen Ling, a business analyst, predicts that the price trend of rare earth market may continue to rise in the later stage.

According to the data of the bulk list of business society, the price of boric acid fluctuated and rose recently. This week, the average price of boric acid was 7916.67 yuan / ton, up 0.64% and 3.49% month on month.

Recently, the domestic boric acid market shows an upward trend. After the Spring Festival, the trading atmosphere of boric acid market is improving, the price of borax is temporarily at a high level, the downstream demand is OK, the just needed procurement is maintained, the boric acid manufacturers start work normally after the festival and deliver goods stably, and the price of boric acid rises slightly.

Boric acid analysts of business society believe that the recent domestic boric acid market has been consolidated at a high level, and the market demand is acceptable. It is expected that the market will mainly rise in the later stage, and more attention should be paid to the guidance of market news.

Trade name: sulfuric acid

Latest price (February 7): 751.67 yuan / ton

On February 7, the price of domestic sulfuric acid market rose slightly, up 33.34 yuan / ton, or 4.64%, compared with January 28 before the festival, and 133.08% year-on-year compared with the same period last year. From the perspective of upstream and downstream industrial chains, the upstream sulfur market has gradually increased recently, and the cost support has been strengthened. The market prices of downstream formic acid and downstream bromine began to rise slightly, the downstream customers had good enthusiasm for purchasing sulfuric acid, and the product trend rose under the contradiction between supply and demand.

Recently, the domestic sulfuric acid market price may rise slightly, and the average quotation price is about 800 yuan / ton.

Domestic price trend:

As can be seen from the p-xylene trend chart, the price trend of p-xylene rose in January. As of the end of the month, the domestic ex factory price of p-xylene was 7300 yuan / ton, an increase of 8.96% over the price of 6700 yuan / ton at the beginning of the month, a year-on-year increase of 40.38%. The price trend of domestic PX market rose in January.

In January, the domestic p-xylene supply was normal, the domestic PX operating rate was more than 60%, the 600000 ton unit of Sinochem Hongrun Petrochemical operated stably, the unit of Yangzi Petrochemical operated stably, the unit of Pengzhou Petrochemical operated stably, the PX unit of Yangzi Petrochemical operated normally, the unit of Jinling Petrochemical operated stably, the unit of Qingdao Lidong operated at full load, and the unit of Qilu Petrochemical operated stably, The start-up of Urumqi petrochemical unit is about 50%, and the domestic p-xylene supply is general, but the start-up of overseas units is general, and the domestic p-xylene price is affected by the support of crude oil. In January, the international crude oil price trend rose, and the PX external price trend rose. As of the 26th, the closing prices were 979-981 US dollars / ton FOB Korea and 997-999 US dollars / ton CFR China. Recently, the operating rate of PX units in Asia is normal. On the whole, the operating rate of p-xylene units in Asia is less than 60%, the supply of PX goods in Asia is general, the closing price of PX in the external market is rising, and the domestic market price of p-xylene is rising.

In January, international crude oil prices rose sharply, with crude oil rising by 16.14%. WTI stood above US $85 and reached a high of nearly two months. The main reason is that the supply tension is expected to continue to rise and boost oil prices, the tension between Russia and Ukraine is escalating, and the output increase of the organization of Petroleum Exporting Countries and its allies (OPEC +) is lower than expected. Crude oil rose sharply on Tuesday and Wednesday, and WTI crude oil rose nearly 5%. Previously, the market was worried that the Fed may adopt a more radical monetary policy, the process of raising interest rates may be faster than expected, and the decline in risk appetite led to the decline in the prices of venture capital products such as stock market and crude oil. At present, the oil price has returned to fundamentals, and the geopolitical turmoil has exacerbated the expectation of tight supply. As of February 26, the settlement price of the main contract of WTI crude oil futures in the United States was US $87.35/barrel, and the settlement price of the main contract of Brent crude oil futures was US $88.74/barrel. On the whole, the international crude oil price rose sharply in January, and the price trend of p-xylene rose.

The downstream PTA market price rose sharply in January. As of the 27th, the average PTA market price was 5300-5400 yuan / ton, up 7.23% in January. In terms of supply, with the recent restart of multiple units, the industrial commencement has increased to more than 86%. The 3.3 million ton new unit of Yisheng new materials is planned to be commissioned at the end of January, and the PTA supply is expected to increase. However, two sets of PTA units in East China announced maintenance plans, which significantly boosted the market. Among them, Yisheng Ningbo 2 million ton PTA unit is planned to be overhauled in February; The 3.3 million T / a PTA device of Yisheng new material is planned to be overhauled in February. With the arrival of the long Spring Festival holiday and the holiday of the terminal textile factory, the current situation is that the procurement is stopped, the pre holiday goods preparation is coming to an end, and the demand is declining. In the continuous shutdown of dyeing factories and weaving factories, the comprehensive startup rate of Jiangsu and Zhejiang looms has dropped to less than 13%, mainly focusing on the closing of early orders and being cautious in receiving new orders. At present, the idea of replenishing inventory is not strong and remains in a tepid state. The operating load of polyester factories in Jiangsu and Zhejiang decreased to less than 80%, the quotation remained stable, and some factories promoted individual specifications. The downstream PTA market price rose sharply, which was good for the domestic p-xylene market, and the p-xylene market price trend rose.

Chen Ling, PX analyst of business agency, believes that there is a certain positive support for the current crude oil cost, but polyester manufacturers in the downstream of the terminal market have reduced production. As the Spring Festival approaches, the number of terminal orders decreases, some factories have holidays, the demand is still insufficient, and the power of PTA price rise is insufficient. It is expected that the market price of p-xylene will rise slightly in the later period, and the overall increase is not large.

Recent price trend of sulfuric acid

As can be seen from the above figure, the domestic sulfuric acid market price rose slightly this week, and the quotation increased from 655.00 yuan / ton last weekend to 675.00 yuan / ton this weekend, an increase of 3.05%, a year-on-year increase of 121.31% compared with the same period last year. Overall, the domestic sulfuric acid market rose slightly this week. On January 23, the sulfuric acid commodity index was 105.06, unchanged from yesterday, down 24.30% from the highest point of 138.78 in the cycle (2021-10-21), and up 233.31% from the lowest point of 31.52 on June 6, 2019. (Note: the period refers to the period from September 1, 2011 to now)

The upstream support is good, and the downstream procurement enthusiasm is enhanced

Judging from the manufacturer’s quotation, the price of domestic mainstream sulfuric acid manufacturers increased slightly this week, the manufacturer’s inventory is general, and the downstream demand is good. Heze Jiangyuan sulphuric acid is quoted at 950 yuan / ton this weekend, which is 20 yuan / ton higher than that at the beginning of the week; Zouping Tianlu sulfuric acid quoted 660 yuan / ton this weekend, up 40 yuan / ton compared with the beginning of the week; Changzhou Qinghong sulfuric acid is quoted at 600 yuan / ton this weekend, which is temporarily stable compared with that at the beginning of the week; Changzhou Changjiang sulfuric acid quoted 650 yuan / ton this weekend, up 60 yuan / ton compared with the beginning of the week; Xiangcheng San’an sulfuric acid is quoted at 650 yuan / ton this weekend, which is temporarily stable compared with that at the beginning of the week; Liaocheng Huatong sulfuric acid quoted 540 yuan / ton this weekend, which was temporarily stable compared with the beginning of the week.

From the perspective of upstream and downstream industrial chains, the upstream sulfur market rose slightly this week. The quotation rose from 2096.67 yuan / ton last weekend to 2230.00 yuan / ton this weekend, an increase of 1.59%, up 104.81% year-on-year compared with the same period last year. The upstream market has gradually risen in the near future and the cost support has been strengthened. The downstream bromine market rose slightly, and the quotation increased from 54571.43 yuan / ton last weekend to 57000.00 yuan / ton this weekend, an increase of 4.45%, up 67.37% year-on-year compared with the same period last year. The downstream formic acid market rose slightly, with the quotation rising from 4500.00 yuan / ton last weekend to 4533.330 yuan / ton this weekend, an increase of 0.74%, up 71.07% year-on-year compared with the same period last year, and the downstream market rose slightly. On the whole, the upstream and downstream products had a positive impact on the price of sulfuric acid this week.

Market outlook rose slightly

In late January, the domestic sulfuric acid market was dominated by slight shock and rise. The upstream sulfur market has gradually risen recently, and the cost support is good. The downstream formic acid Market stopped falling and rose, the downstream bromine market rose slightly, the downstream customers had good enthusiasm for purchasing sulfuric acid, and the product trend rose under the contradiction between supply and demand. Sulfuric acid analysts of business society believe that under the influence of supply and demand and raw materials in the short-term domestic sulfuric acid market, the market price of sulfuric acid may rise slightly.

According to the data monitoring of business agency, the average ex factory price of LLDPE (7042) in East China was 8680.00 yuan / ton on January 16 and 8720.00 yuan / ton on January 24. The increase rate in the week was 0.46%, up 0.11% compared with January 1.

According to the data monitoring of business agency, the average ex factory price of LDPE (2426h) in East China was 11950.00 yuan / ton on January 16 and 12087.50 yuan / ton on January 24. The increase rate in the week was 1.15%, down 2.22% from January 1.

According to the data monitoring of business agency, the average ex factory price of HDPE (5000S) in East China was 8866.67 yuan / ton on January 16 and 8933.33 yuan / ton on January 24. The increase rate in the week was 0.75%, an increase of 1.52% compared with January 1.

This week, the prices of the three major polyethylene spot varieties were strong, rising to varying degrees. Among them, LDPE and HDPE markets showed a continuous upward trend, llldpe market rose first and then stabilized, and the increase range in East China was 50-150 yuan / ton. During the week, the rise of international crude oil brought obvious support to the market, and the actors in Liansu futures market brought certain benefits. The ex factory price of petrochemical enterprises has increased, and the cost support is acceptable. The downstream has good enthusiasm for entering the market in the early stage, and the market trading atmosphere is mild. The quotation of merchants increased with the increase, but the range was limited.

Liansu futures market rose one after another, bringing obvious support to the spot market. On January 24, the opening price of polyethylene futures 2205 was 8945, the highest price was 9096, the lowest price was 8883, the closing price was 8888, the former settlement price was 8920, the settlement price was 8983, down 32, or 0.36%, the trading volume was 523012, the position was 308363, and the daily position was increased by – 16140. (quotation unit: yuan / ton)

On the whole, the market maintenance devices are reduced and the supply increases slightly. In terms of demand, the downstream factories have successively opened the holiday mode near the Spring Festival, the operating rate has declined, and the demand is expected to decrease. The support brought to the market by the decline of international crude oil price and the decline of Liansu futures market is limited. It is expected that the price of PE spot market will be adjusted first and then decreased in the short term.

Trade name: melamine

Latest price (January 24): 10433.33 yuan / ton

On January 24, the market price of melamine rose steadily, up 1.29% compared with the previous trading day and 8.68% compared with the price on December 24. At present, the upstream urea price has risen slightly, the cost support has been strengthened slightly, the terminal factories have holidays one after another, the trading atmosphere in the domestic trade market is general, and the enterprises mainly ship and receive orders in advance in an orderly manner.

It is expected that in the short term, the melamine market may be consolidated and operated stably.