China is the world's largest urea producer, and melamine is made of urea. Therefore, abundant urea resources give China a unique advantage in melamine production.
After the National Day, the domestic melamine market reopened the mode of price increase. With the gradual rise in the price of melamine, the prices of other raw materials such as urea and formaldehyde have also risen. In addition, affected by global public health events, some foreign installations are unstable or shut down for maintenance, causing supply shortages. Therefore, China's import demand for melamine has increased significantly. After the National Day, the market price of melamine rose by about US$124/ton.
The melamine market is operating steadily, up 0.57% from the previous trading day, up by 1.35% from September 3, 2021, and up by 213.10% from the same period last year.
Melamine Market Forecast
Huafu Chemicals believes that the short-term domestic melamine market will continue the upward trend of tight prices, and the price will rise, downstream resistance will continue to exist, and it will be more cautious to pick up goods.
Huafu Factory produces stable quality melamine powder, melamine molding compound, and melamine glazing powder, and has rich experience in color matching, escorting more and more factories at home and abroad.
Post time: Oct-12-2021