At first, thank you for your continued attention and support.

What is shared today is the latest melamine market trend compiled by Huafu Factory for you.

Then, it’s the specific market situation and analysis of melamine.

In the second half of February, the domestic melamine market stopped rising and fell.

Domestic demand was released slowly, and exports were stagnant. Manufacturers were under pressure on shipments, and the focus of transactions continued to move downward. As of now, the ex-factory price has dropped by about 27% from the highest post-holiday price.

The operating load rate of domestic melamine enterprises continues to fluctuate at a low level, which has become one of the driving factors for price increases.

• As of now, the average operating load rate is around 62%, and the overall operating level will gradually increase in the later period.
• At present, the overall supply and demand pattern is still in an unbalanced state, and there is no substantial benefit for the time being.

Statistics on the operating load rate of Chinese melamine enterprises

Huafu Chemicals (the manufacturer of Melamine Molding Compound and Melamine Powder) believes that there is still some room for downside in the domestic melamine price in the short term.

• As the price continues to fall, the production cost will be taken into consideration again.
• Affected by the price of urea, the decline in the price of melamine in the later period will be restricted.

Recently, when domestic prices continue to fall, exports have also slowed down. Foreign downstream companies are holding currency to wait and see, while rigid demand still exists, and will gradually follow up when the price decline slows down.