Melamine, pulp, and formaldehyde are important raw materials for melamine resin molding powder. Tableware factories can continue to pay attention to the market situation of melamine.

As of January 30, the average price of melamine enterprises was 8,233.33 yuan/ton (approximately US$1,219/ton), which was the same as the price on January 1.

In January, the melamine market was mainly stable.

In the first ten days, the raw material urea market rose slightly, cost support increased, and the operating rate of the melamine market declined. Coupled with export support, enterprises were not strong in their attitudes towards low output. However, domestic downstream demand performed poorly, the market trading atmosphere was stalemate, and prices fluctuated steadily.

In the middle of the month, there is some support in terms of cost, some equipment is overhauled, and export orders are acceptable, but the domestic downstream stocking mentality in general, the Spring Festival holiday is approaching, and the market is running smoothly.

After the Lunar New Year, the price of raw material urea was high, the cost support was strong, the industry operating rate was low, and the price of melamine rose steadily.

Huafu Chemicals believes that the current raw material urea price is rising, the cost support is increasing, the company's orders are still available, and the downstream demand is gradually recovering. It is expected that the melamine market may be stable and wait-and-see in the short term.