Key Highlights
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Melamine prices in China dropped by x.xx in August, amid weak demand and rising supply.
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Downstream industries operated at low rates due to sluggish construction activity.
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Feedstock urea prices declined, lowering melamine production costs.
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South Korea and India market also remained cautious, with traders limiting procurement to small, on-demand volumes.
China Market Overview
In August xxxx, melamine prices in China decreased by x.xx compared to the previous month, ending the week at USD xxx/MT FOB Qingdao, due to weak market conditions and surplus supply. Despite the fact that manufacturers such as Shandong Hualu and Haohua Junhua reduced output in mid-August, the melamine supply remained plentiful due to high levels of past production.
Demand for melamine from panels, laminates, coatings, and impregnation stayed soft in August, as the construction sector continued to...
