Texas (USA): The Melamine market in the USA has been witnessing a persistent decline in prices, largely driven by weak demand and economic uncertainties. Throughout late May xxxx, traders have remained cautious, striving to maintain market stability amidst an ongoing downward trend. The price movement has been significantly influenced by the declining trend in the essential feedstock urea, which has adversely affected sales and profit margins. This scenario has compelled market participants to adjust their quotations downward in an attempt to stimulate sales. Furthermore, a sustained reduction in demand from importing nations, particularly in South America, has exacerbated the Melamine market dynamics, leading to further price reductions.
In the domestic market, fluctuations in demand for Melamine have been largely influenced by key downstream industries such as laminate, coating, and fertilizers, which have been responding to variable weather conditions across the country. Despite the ongoing trade uncertainties, export...
