Today, Huafu Melamine Powder and MMC Factory will share with you the first week melamine market review. It’s the latest data for your reference.
This week, the domestic melamine market stabilized after a narrow decline. The national average ex-factory price of normal pressure products was US$1,460/ton, down 2.89% month-on-month and up 40.49% year-on-year.
1. Before the New Year's Day holiday, the melamine market was relatively quiet, high-end transactions were under pressure, and prices dropped appropriately.
2. After the holiday, the market continued to operate weakly, and some downstream companies were faced with suspension of work and holidays in the later period. Therefore, the enthusiasm for obtaining goods was not good, and the actual transaction could further expand the room for negotiation. .
3. As the operating load rate of enterprises has dropped significantly, the supply of goods is relatively tight, the quotations of manufacturers have stabilized, and appropriate quantities of downstream purchases have been put on the market, the transaction atmosphere has improved, and some enterprises have controlled their orders at low prices.
4. As the Spring Festival holiday is approaching, there are still variables in the market outlook, and the wait-and-see atmosphere in the market has not diminished.
Market trend analysis and forecasting and operation suggestions
- In the later period, the domestic downstream demand support is limited, and work will be suspended for holidays approaching the Spring Festival holiday, which will focus on stocking, and the downstream will take appropriate amounts of goods according to their own conditions in the later period.
- With the stable operation of domestic prices and the existence of rigid foreign demand, it will also provide certain favorable support for the domestic market.
Huafu Chemicals believes that the short-term domestic melamine market is stable and strong, and the transaction is gradually improving. It is not ruled out that some prices may be adjusted. As the Spring Festival holiday is approaching, the increase will be limited.
Statistics on the operating load rate of Chinese melamine enterprises (Dec.31st, 2021-Jan.6th, 2022)
This week, the operating load rate of Chinese melamine enterprises was 61.95%, a decrease of 10.20 percentage points from the previous month and a year-on-year decrease of 3.69 percentage points. Part of the overhaul equipment is scheduled to resume next week.
Huafu Chemicals believes that the average operating load rate of domestic melamine companies will pick up slightly next week.
Warm Reminder
There is only 23 days approaching the Chinese Spring Festival. Factories could prepare enough melamine powder or melamine molding compound for normal production. Purchasing Hotline: +86 15905996312
If you place orders before holiday, we can produce in priority after production open after the Chinese New Year Holiday. And you will get the first delivery after China long holiday back.
Post time: Jan-07-2022