jinjiang melamine

News

Melamine Powder Market Monthly Review In May. 2024

Melamine Powder Market
1.Melamine powder market focus this month

Production: Monthly output of 143,800 tons, an increase of 14.95% compared to the previous month. Demand: Weak downstream demand, with exports slowing down due to the increase in shipping costs.
 

2. Market analysis this month

In May, the spot price of melamine in China fell by 0.33% month-on-month and 1.00% year-on-year. The domestic melamine market atmosphere was not good this month, with maintenance units gradually resuming operations before the May Day holiday in April, and the new 50,000-ton unit of Shuntian put into operation in early May, leading to a significant increase in market supply and a decline in melamine prices.

However, in mid-May, with the rise in urea prices, melamine companies strengthened their willingness to raise prices, and prices in northern companies began to slightly increase. But due to domestic demand constraints, new orders for companies were generally poor, and high-end prices fell again.

In the latter part of the month, the melamine market continued its slow decline in prices, with weak domestic demand and the impact of rising shipping costs affecting exports, leading to a decline in prices. However, considering the high urea prices, manufacturers have limited room to adjust prices.
 

3. Analysis of market influencing factors 

1)Most companies are operating normally, with an increase in melamine production capacity utilization during the month.
2)Weak downstream demand.
3)The domestic urea market remained strong in May. 

Remark: The analysis is based on transaction in China’s PVA domestic market, it’s only for reference.

Related News

Jinjiang chemical

Contact Us to Start Your Business