Melamine and formaldehyde are important raw materials for the manufacture of melamine molding powder. Today, Huafu Chemicals will share with you the latest melamine market conditions.
As of May 18, the average price of melamine enterprises was 7,400.00 yuan/ton, a decrease of 0.67% compared with Monday's price.
The melamine market was weak this Wednesday. Recently, the raw material urea market is running weakly, the cost support is insufficient, some devices are shut down for maintenance, and the utilization rate of melamine production capacity is declining.
Recently, the domestic urea market has been running weakly and steadily. On May 17, the reference price of urea was 2525.00, a decrease of 3.4% compared with May 1 (2613.75).
At present, the support on the cost side is weak, and the downstream just-needed procurement is the main one. The decline in the operating rate of the supply side has slightly supported the market. It is expected that in the short term, the melamine market may wait and see and consolidate.
Post time: May-19-2023