The domestic melamine market continued to rise this week. The national average ex-factory price of normal pressure products was 9649 yuan/ton (about 1421 US dollars/ton), an increase of 11.61% compared with the average price of the week before the festival and a year-on-year decrease of 35.13%.
Market trend analysis and forecast
1. From the perspective of supply, with the resumption of production of some parking devices, the operating load rate of enterprises will slowly rise, and there are many orders to be issued at present, so there is no pressure on short-term supply;
2. From the perspective of demand, it is difficult for the domestic downstream market to have a significant improvement, with just-in-demand procurement mainly, while export orders continue to follow up, effectively alleviating domestic supply pressure;
3. From the perspective of cost, the price of raw material urea remains high, and the support for the cost of melamine will also continue to exist.
Huafu Chemicals believes that domestic melamine prices will continue to rise.
Statistics on the operating load rate of Chinese melamine enterprises (20220506-0512)
This week, the average operating load rate of Chinese melamine enterprises was 67.73%, a decrease of 8.47 percentage points from 76.20% last week (20220429-0505) and a year-on-year decrease of 10.74 percentage points. Huafu Chemicals believes that the operating load rate of enterprises will pick up slightly next week.
Post time: May-13-2022