In the first half of April, melamine powder prices continued to fall due to supply and demand imbalances and a downward trend in urea raw material prices. With a lack of support from costs, prices continued to decline. However, in the middle of the month, the market stabilized as prices approached cost levels.

With urea prices rising due to market news, there was increased cost support for melamine, leading to a gradual increase in prices. Buyers entered the market to replenish their stocks, improving order fulfillment for companies and pushing prices higher.

As the month end approaches and the May Day holiday nears, downstream purchasing activity has cooled off. Some buyers have already replenished their stocks, and there is resistance to higher prices. However, manufacturers still have pending orders and are able to maintain firm pricing.

Looking ahead, the market for melamine may experience some downward fluctuations due to supply and demand imbalances. While urea prices provide some cost support, it may be limited. Most manufacturers will maintain stable production levels in the coming month, with only a few undergoing maintenance.

Downstream demand remains uncertain, with factories mainly using existing inventory. Overall, the market outlook is unclear, and short-term trading is recommended.