We have gained a certain understanding of the fluctuation of raw material prices and market conditions through the previous market analysis of melamine, formaldehyde, and melamine powder. Today, Huafu melamine raw material factory will share the monthly review of melamine and make market analysis and forecast of melamine raw materials in October.
1. Statistics on the operating load rate of China's melamine enterprises
Huafu Melamine Powder Factory expects that the average operating rate of China's melamine enterprises in September is 75.76%, an increase of 2.84 percentage points from the previous month and an increase of 18.93 percentage points from the same period last year.
With the resumption of work and production in the later period, Huafu Chemicals believes that the average operating load rate of domestic melamine companies in October will remain at a high level.
2. Analysis of domestic melamine price trends
In September, the Chinese melamine market rose first and then fell.
- As of September 28, the national average price of melamine atmospheric products increased by US$436/ton, or 20.50% from the previous month, and rose by US$1788.6/ton, or 230.95%, year-on-year.
- At the beginning of this month, the market stabilized and rebounded, prices rose rapidly, hitting a new high during the year, and the market once again showed a trend of tight prices.
- As prices continue to rise, pressure on downstream production has increased. Therefore, terminal operations were suppressed to a certain extent, prices peaked and fell, and only some high-end transactions were under pressure.
3. Market analysis and forecast in October
- From the perspective of raw materials, the price of urea in October will remain high under the support of cost, and the pulling effect on the cost of melamine will continue to exist.
- From the demand side, due to the Mid-Autumn Festival and the National Day holiday in mid-to-late September, the export situation remained strong. The shipment of melamine companies is relatively smooth, there is basically no inventory backlog, and the willingness to insure the price is strong.
- From the perspective of supply, as there are more centralized maintenance equipment in September, most of them will be in normal production in the later period. Although there are still planned maintenance of equipment, the overall operating load level of the enterprise will remain at a relatively high level, and the supply of goods will be relatively abundant.
Huafu Chemicals believes that melamine manufacturers will be under pressure from no production, no sales, and no inventory for a long time, and prices are expected to remain high.
Huafu Melamine will continue to ensure the quality of melamine raw materials, and accompany the common development of the majority of manufacturers. Wish you a prosperous career and further development. Shelly Chen: +86 15905996312
Post time: Sep-30-2021