Views: 0 Author: Site Editor Publish Time: 2021-10-28 Origin: Site
China's melamine market continued on upward trend in October. As of October 27, the average factory price of melamine products this month was 19,666 yuan/ton, 3,072 yuan/ton higher than that of the same period last month, or 18.51%; Compared with the same period last year, 14,453 yuan/ton, or 277.25%. From National Day holiday eve market begins to recover , exports enquiry rising , producers advance continue to increase, so the price upward intention is strong, and with the holidays start and producers have stop production for overhaul, the production rate dropped to below seventy percent, the market supply is in tight situation and price rebound tremendously. As the price continues to break through new highs, inhibiting the enthusiasm of downstream procurement, production pressure continues to increase, most downstream factories reduce production rate, the domestic market transaction is relatively quiet, but export provides strong positive support, producers have no production, sales and storage pressure, so the price support on this level is strong.