Melamine is the main raw material of melamine resin molding compound (raw material for manufacturing melamine tableware). Today, Huafu Chemicals will share the latest news of the melamine market.
In October, China's melamine market rose first and then fell, with little adjustment.
As of October 28, the average ex factory price of China's melamine normal products was 7754 yuan/ton (US $1067/ton), down 5.12 percentage points from the previous month; It decreased by 60.57% over the same period last year.
- From the perspective of cost, the current price of raw urea is relatively high, and melamine can still provide some cost support.
- From the supply side, as for the production equipment inventory recovery plan, the enterprise operation load rate may be slightly increased, and the supply is relatively stable.
- From the demand side, November is still in the traditional consumption season, but the market situation is poor, and the overall demand is tepid, which makes it difficult to form a strong boost to the market.
Huafu Factory believes that China's melamine market may continue to be deadlocked in November, with relatively limited fluctuations. The market has been weak recently. Later, with the opening of a new procurement cycle, transactions may improve and prices may rise.
It is expected that the market will operate at a low level, with weak supply and demand, some support at the cost end and limited price range.
Post time: Nov-02-2022