This is the analysis and forecast of the melamine market situation after the Chinese New Year shared by Huafu Melamine Factory. Hope it will be useful for you.

After the Spring Festival, the domestic melamine market ushered in a "good start", which was basically in line with the expected upward trend before the holiday, and the quotations of enterprises were successively increased.

At present, the ex-factory price of melamine refers to 11,500-13,500 yuan/ton ($1,808-$2,122/ton), which is generally 1,500-2,500 yuan/ton ($236-393/ton) higher than that before the festival, an increase of nearly 84% over the same period last year.

1. With the gradual recovery of logistics, manufacturers are basically shipping normally, there is no pressure on production and sales, and there are many orders to be executed. Therefore, the overall supply and demand pattern is relatively tight, and the market has a strong bullish atmosphere.

2. The recovery of the downstream market is normal, most of them are in a state of shutdown and holiday, and some will resume production after the end of this week. Therefore, the current release of terminal demand is limited, so be cautious and wait and see.

China's melamine enterprises operating load rate

From the holiday period to the post-holiday period, the low start of construction has also become one of the effective boosting factors for melamine price increases.

1. Some installations remain in a shutdown state, and new equipment is being repaired. It is difficult to effectively improve the overall operating level of the company. The current operating load rate is about 67%. It is expected that after the second half of the year, with the resumption of production of some parking devices, the load level may rebound.

2. The price of raw material urea stabilized after the holiday and rose in some areas. With the gradual start of the market and the gradual recovery of transactions, there is still room for the price to rise.

Huafu Chemicals believes that there is still a bullish expectation in the domestic melamine market in the short term, and the price continues to rise. However, the downstream demand is released slowly, and with the supply of previous orders flowing into the market, the high price resistance will also increase, and the actual transaction volume will be affected to a certain extent of constraints.