On the whole, the domestic melamine market has continued its weak performance in recent days. On November 5th, the benchmark price of melamine at Business Social was 5387.50 yuan per ton, which was 0.92% lower than the beginning of this month (5437.5

The current market price has experienced a slight decline from the beginning of the month, showing downward pressure. However, the flexible changes in the market are also evident. Taking Hebei Xinji Jiuyuan Chemical as an example, although it raised

Supply side:

The domestic production capacity of melamine is already at a high level. Although the industry operating rate is maintained at about 70%, social inventories are still relatively high, and market supply is abundant.

Demand Side:

The demand for melamine is closely linked to the real estate industry's boom, with more than half of its production used for manufacturing panel boards. The current adjustment in the real estate market has directly led to a shrink in orders from down

Cost side:

Urea, as a major raw material, also remained low during the same period. As of November 5th, the benchmark price of urea at Business Social was 1585.00 yuan/ton, which was 1.4% lower than the beginning of this month (1607.50 yuan/ton). This has lower

On the whole, in the context of sufficient supply and weak demand, the melamine market is unlikely to improve in the short term. It is expected that the market will be dominated by a weak consolidation trend, and there may still be a risk of price de