Both formaldehyde and melamine are important raw materials for melamine tableware molding powder. Let's take a look at the latest market conditions.

Formaldehyde market fluctuates and consolidates

On the 7th, the average price of formaldehyde was 1283.33 yuan/ton (about 184 US dollars/ton), the current price rose by 4.05% month-on-month, and the current price fell by 9.47% year-on-year.

Recently, the market of raw material methanol is stable, the cost support is average, the downstream maintains rigid demand purchases, and formaldehyde manufacturers ship steadily. Huafu Factory predicts that the price of formaldehyde in Shandong will mainly decline slightly in the near future.

The melamine market fluctuated within a narrow range in February

As of February 28, the average price of melamine enterprises was 8,325.00 yuan/ton (about 1,194 US dollars/ton), an increase of 1.11% compared with the price on February 1.

In February, the melamine market fluctuated within a narrow range.

On February 27, the reference price of urea was 2817.00, an increase of 1.15% compared with February 1 (2785.00).

Huafu Chemicals believes that the current cost support still exists, and the enterprises mainly implement the support of advance orders, and the market atmosphere is acceptable. It is expected that in the short term, the melamine market may wait and see.