Production: Melamine Powder monthly output is 124,900 tons, up 4% month-on-month.
Demand: Downstream demand is sluggish, and the melamine market is slowly declining
In the first half of the month, the melamine market was mainly weak and stagnant. Affected by the fluctuations of some equipment maintenance, the industry’s capacity utilization rate fluctuated at a low level. In addition, some companies were not under much pressure to sell goods under the support of export orders, and companies mainly sold goods at stable prices.
However, in the second half of the month, although the overall supply and demand did not change much, the price of raw material urea accelerated its decline, with a drop of 50-80 yuan/ton in a week, which was again bearish for the industry. Melamine companies adjusted prices according to their own sales, but overall the market decline was not large.
In December, the domestic urea market was weak and downward. Although gas-fired enterprises stopped production one after another in December, it did not bring positive support to the market, and prices were under pressure to fall.
Downstream demand was sluggish, and the melamine market was slowly declining.
The monthly average capacity utilization rate of the melamine industry decreased compared with the previous month.
In January, the supply of melamine increased slightly, but with the Spring Festival approaching, some panel factories in some areas have stopped production and had holidays around New Year’s Day. Most downstream factories may start to take holidays in mid-month, and around the 20th, there will be a large-scale shutdown.
There will be an expectation of downstream stocking before the holiday, but the overall purchase volume is not expected to be large. It is expected that the market price of melamine will continue to fall in the first half of the month, stimulating downstream purchases, and then the price will stabilize.
News China Melamine Powder Market Analysis In Nov.2024 1.Focus of the Month Production: The monthly output was 120,100 tons, representing a decrease of 3.38% month-on-month.Demand:
News Melamine Market Analysis In Oct.2024 1. China Melamine Powder Export Date In Oct 2024, melamine exports were 43,900 tons, a month-on-month decrease of 3.94%;
News China Melamine Powder Price Monthly Review In Sep 2024 China Melamine Powder Price Overview In September 2024, melamine exports totaled 45,700 tons, a decrease
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