First of all, thank you for your continued attention and support. What I share today is the latest melamine market trend compiled by Huafu Factory for you.
Then let's take a look at the company's operating load rate. The operating load rate of domestic melamine enterprises continued to fluctuate at a low level, becoming one of the driving factors for price increases.
- Up to now, the average operation load rate is about 62%, and the overall operation level will be gradually improved in the later period.
- At present, the overall supply and demand pattern is still in an unbalanced state, and there is no substantial benefit for the time being.
In the second half of February, the domestic melamine market stopped falling and rebounded. The release of domestic demand is slow and exports are stagnant. Manufacturers' shipments are under pressure, and the focus of transactions continues to move downward. Up to now, the ex-factory price has dropped by about 27% from the post-holiday peak price. Huafu Melamine Molding Powder Factory believes that domestic melamine prices still have a certain downside in the short term.
- As prices continue to fall, production costs will again be taken into account.
- Affected by the price of urea, the decline in the price of melamine was limited in the later period.
Exports have also slowed recently, amid continued declines in domestic prices. Foreign downstream enterprises are holding on to the currency, and rigid demand still exists, and will gradually follow up when the price decline slows down.
Post time: Feb-24-2022