The main use of melamine is as a raw material for the production of melamine formaldehyde resin powder. Today, Huafu Factory will share with you the market situation of melamine.

As of November 11, the average price of melamine enterprises was 8,300.00 yuan/ton (about 1,178 US dollars/ton), an increase of 0.81% compared with the price on October 11.

From November 7th to November 11th, the quotations of enterprises in the melamine market were mainly stable, and some enterprises adjusted their prices.

From the perspective of cost, the price of raw material urea has risen recently, and the cost has been raised in the face of melamine support.

From the perspective of supply and demand, the overall operating rate of the melamine market is relatively high, domestic downstream purchases are mainly based on demand, local transportation is limited, and the market trading atmosphere is general.

On November 10, the reference price of urea was 2,584.00 yuan/ton (US$366.8/ton), an increase of 3.11% compared with November 1.

Huafu Chemicals believes that the current cost support is strong, the operating rate of the supply side is high, the performance of the demand side is average, and the market transaction is mainly based on rigid demand. It is expected that in the short term, the melamine market will be stable.