As of today, the price of melamine powder has generally risen by US$245/ton from last week.
Recently, the domestic market price of melamine has risen rapidly. Last week, there were signs of price increases. The company has tentatively increased its offer. Some downstream companies still need to purchase, and the prices are already high. There is still resistance downstream, so they are still cautiously taking the goods. At present, there are many manufacturers’ pending orders and the supply of goods is generally tight, so the orders are large and the quantity is limited.
In addition, some equipment overhauls or the upcoming suspension of production, the decline in the operating rate of enterprises is expected to aggravate the shortage of local supply. Therefore, short-term bullish expectations remain strong.
Due to tight supply and demand, the tight supply situation has not been significantly eased. Huafu Melamine Factory believes that the price of melamine will continue to rise in the short term.
Always prepare in advance for your normal production!
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