This is the weekly review of melamine market trend for tableware factories to pay attention.
Statistics on the operating load rate of Chinese melamine enterprises (Mar.4th-Mar.10th,2022)
This week, the operating load rate of Chinese melamine enterprises was 77.18%, an increase of 11.28 percentage points year-on-year. Huafu Chemicals believes that the average operating load rate of domestic melamine enterprises will remain at about 80% next week.
This week, the domestic melamine market continued to drop slightly, stabilized and partially rebounded.
The national average ex-factory price of normal pressure products was 10,711 yuan/ton ($1,694/ton), down 1.85% month-on-month and up 31.49% year-on-year.
Market trend analysis, forecast and operation suggestions
1. In the short term, the operating load level of enterprises remains high, and the supply of goods is relatively stable.
2. The terminal demand is still in the process of gradual recovery, and the consumption may increase in the later period.
3. The price of raw material urea will remain at a relatively high level in the short term, which can still provide a certain cost support for melamine.
Huafu Chemicals believes that the short-term domestic melamine market will be in a stable-to-strong operation trend, and the quotations of some companies may continue to rise, while short-term high-end transactions may be relatively cautious.
Post time: Mar-11-2022