Melamine continues its weakness

Since March 18, melamine has declined weakly

"At present, Hebei Xinji Jiuyuan Chemical (Phase I), Henan Xinlianxin (New Phase) and Anhui Huaertai melamine plants have resumed production and supply to the outside world, and the melamine operating rate may reach more than 80% in the later stage

While supply has increased, demand has been constrained due to the COVID-19 pandemic

"This year, the demand for melamine is relatively weak, and the company has received fewer orders.

Fan Jing said that domestic demand for melamine is flat, and downstream procurement is less motivated, and it is mainly used as needed

From January to February this year, the total domestic melamine export volume was about 105,000 tons, and the export mainly went to Turkey, India and Russia

On March 18, the Department of Internal Market Protection of the Eurasian Economic Commission issued an announcement stating that a final anti-dumping ruling was made against melamine originating in China, and the ruling proposed to impose a five-year anti-dumping duty on the products involved

"It is expected that the short-term melamine market will remain weak unless demand improves or the export market begins to purchase