Today Huafu Factory, the manufacturer of melamine resin molding compound, will share with you the latest melamine market trend.

As of February 16, the average price of melamine enterprises was 8266.67 yuan/ton (about 1198 US dollars/ton), a decrease of 0.80% compared with the price on Monday.

The melamine market was weak this Wednesday. Recently, the raw material urea market fell first and then rose. The cost support is average. Some devices on the supply side resume production. The operating rate of the melamine market has increased slightly, but the demand side has not up. The export market is average. Mainly, the contradiction between supply and demand is prominent, and the center of gravity of the melamine market is weak.

Huafu Chemicals believes that the current raw material urea price is rising, the cost support is limited, the supply side is abundant, and the demand side is still weak. It is expected that the melamine market may be weak in the short term.