Melamine is the main raw material for melamine molding powder (raw material for making melamine tableware). Today, Huafu Factory will share the latest melamine market trend.

In October, China’s melamine market rose first and then fell, with little adjustment.

As of October 28, the average factory price of melamine normal pressure products in China this month was 7754 yuan/ton (US $ 1067 / ton), down 5.12 percentage points from the previous month; it was 60.57 % lower than the same period last year.

1. COST: The late raw material urea market stalemate, the current price is relatively high, and the melamine can still provide certain cost support.
2. SUPPLY: The late part of the production equipment inventory recovery plan, the enterprise operating load rate may be slightly increased, but only about 60 % fluctuations, supply is relatively stable.
3. DEMAND: November continued in the traditional consumption season, but the market is not good, will affect the normal production of some downstream factories, the overall demand side or will remain in a tepid situation; it is difficult to form a strong boost to the market.

Huafu Chemicals believes that the domestic melamine market in November may continue to run a stalemate; the ups and downs are relatively limited space. The market is weak in the near future. In the later period, with the opening of a new round of procurement cycle, the transaction situation may improve, and the price may rise.

It is expected that the market will be in a low oscillation running situation, weak supply and demand, the cost side is still some support, the price range is limited.