1.This month’s market review

Domestic price trend analysis of melamine

Figure 1

In December, China’s melamine market fell and then rebounded slightly. Near the end of the year, downstream factories have been shut down for holidays, and exports have been reduced. Price increases are difficult to stimulate the enthusiasm of downstream purchasing. With the increasing price, the actual transaction volume is limited, and the mainstream market is maintained at the end of the month.

2.Market analysis and forecast for next month

Figure 2

For the forecast of the next three months, after the Spring Festival holiday, downstream factories may resume production in mid-February, gradually releasing the demand, but mostly will digest the inventory, so we need to pay attention to the downstream construction progress; In March, there will be a significant improvement in downstream construction, so it may be able to provide some support to the market, and prices may rise at that time.

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

Contact information: melamine@easthony.com