In April, China's melamine market continued to decline and rebounded slightly after it stabilized. As of April 27, the average ex-factory price of China's melamine atmospheric products this month was 9,025 yuan/ton (about 1,362 US dollars/ton), down 16.13% from the average price of the same period last month and 15.65% lower than the same period last year.
Due to the shutdown of some installations in the late ten days for maintenance, the operating load rate of the company declined, and under the support of costs, some manufacturers have the intention to increase prices, but the demand side has not improved significantly for the time being, and the May 1st holiday is approaching, some downstream are resistant to high prices Increase, the actual trading volume is limited.
Huafu Chemicals believes that under the support of costs in the early stage of next month, some companies still have the intention to raise prices, so the price of melamine may continue to rise slightly.
Statistics on the operating load rate of melamine enterprises in China (April 2022)
Huafu Chemicals estimates that the average operating load rate of Chinese melamine enterprises in April was 80.56%, an increase of 3.67 percentage points from the previous month and a year-on-year increase of 12.39 percentage points.
After the May Day holiday, there are still companies with maintenance plans. Huafu Chemicals believes that the operating load rate will drop around the middle of next month, and will return to a high level after the end of the month.
Post time: Apr-29-2022