1. This month’s market review
1.1 Domestic price trend analysis of melamine

Figure 1
In February, China’s melamine market hit a peak after a small rebound. In the early part of the price continues to fall, downstream buy more up do not buy down, and middlemen and downstream users have a certain amount of stock for use, so the purchase demand to follow up slowly, wait-and-see mentality is obvious, market trading is cold.

2. Market analysis and forecast for next month

Figure 2
The downstream market is basically in the traditional consumption peak season, but due to insufficient order follow-up or affect the overall production enthusiasm, the market support may be relatively limited; On the supply side, the load rate of enterprises may fluctuate in a narrow range around 60%, and the supply is relatively sufficient. Therefore, the supply and demand pattern will remain relatively loose. In addition, in the case of urea price is still high, the cost side support still exists.