Here is the melamine market trend that continues to be shared by Huafu Chemicals. (A melamine powder and MMC manufacturer)

Recently, the domestic melamine market has been running steadily and weakly.

The downstream is still in the process of resumption of work, and the supply of goods is limited. Therefore, the enthusiasm for downstream procurement is generally low. Some enterprises have average high-end transactions, and prices have loosened.

In addition, recently new installations have been shut down, and some maintenance equipment has resumed production. The overall operating load level is still below 70%. The manufacturer still has pending orders to execute, and the overall shipment situation is acceptable. At present, the mainstream ex-factory price of new orders is concentrated at 13,500-14,600 yuan/ton ($2,132-$2,305/ton), and there is room for negotiating more transactions.

Later Market Forecast

As the market is running weakly, the attitude of buying goods is relatively cautious. At present, the supply and demand pattern is relatively loose, and the wait-and-see atmosphere in the market has increased.

Huafu Chemicals believes that the short-term market transaction situation is unlikely to improve significantly and some prices may still fall.

Thanks for reading time and cooperation with Huafu Chemicals.