This is the information sharing by Huafu Melamine Factory.

Huafu Chemicals will give a brief introduction of China melamine market first.

This week, the domestic melamine market stopped rising and falling. The national average ex-factory price of normal pressure products was 14,412 yuan/ton ($2273.8/ton), up 3.08% from last week and 111.94% from the same period last year.

• In the absence of concentrated downstream resumption of work last week, the release of domestic demand was slow and the transaction of new orders was limited.
• With the weakening of the market, the enthusiasm of the downstream to get the goods has cooled down, and the price has continued to fall under pressure.

Statistics on the operating load rate of Chinese melamine enterprises (Feb.11th-Feb.17th, 2022)

Continue to share the melamine market trend analysis forecast and operation suggestions from Huafu Chemicals.

• With the gradual increase in the load of the resumption plant and the planned resumption of production of downstream parking equipment, Huafu Chemicals believes that the average operating load rate of domestic melamine enterprises will rebound slightly next week.
• In addition, the terminal is also in the process of recovery. As the downstream construction starts one after another, the demand will also increase; the market is unstable, and the current export is mainly wait-and-see.
• The supply and demand pattern is relatively loose. Huafu Chemicals believes that the sales pressure of manufacturers will still exist in a short period of time, and the price of melamine still has room to fall. However, there is still some support in terms of demand and cost in the later period. It is expected that the price reduction may be restricted to a certain extent.