In February 2025, the average white melamine price was 740 USD/MTS, down 4.73% from the previous month. The export of melamine was 50,400 tons, down 1.75% from the previous month.
In February, the average spot price of melamine in up 1.60% from the previous month and down 20.41% from the previous year.
The holiday in the first half of the month had just ended, and the downstream had not yet recovered. Melamine companies mainly executed pre-holiday orders. Although the downstream companies resumed work after the Lantern Festival, the staff gradually arrived and there were many reserves before the festival.
There was no obvious trading in the market and the price was stable. By the third week, the price of raw material urea accelerated, the cost of melamine increased significantly, and some downstream companies that did not purchase before the festival had a need to replenish stocks. The price of melamine was adjusted upward by 100 yuan and then ran smoothly.
By the end of the month, although the price of raw material urea also rose, melamine enterprises were cautious, because the orders to be executed were mainly to be shipped before the holidays, and domestic demand was generally weak, so manufacturers were not in a hurry to adjust prices and were stable and wait-and-see.
In February, the domestic urea market fell first and then rose, and the price gradually recovered.
Domestic demand is average, downstream companies have stocked up before the holidays, and there is a small amount of replenishment demand during the month.
The monthly average capacity utilization rate of the melamine industry increased compared with the previous month.
In March, with the resumption of maintenance equipment, the supply of melamine is expected to be 140,000 tons, which is at a high level. Downstream factories are operating steadily. With the digestion of previous reserve supplies, there is a demand for purchasing melamine.
In addition, there is an expectation of rising prices for raw material urea. Therefore, under the support of rigid demand and cost, it is expected that the price of melamine will have room for a slight increase.
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