Global melamine prices remained under pressure in the early week of May xxxx, weighed down by weak downstream demand, subdued market sentiment, and steady but oversupplied inventories. Although production cutbacks and plant maintenance offered minor support, limited consumption across key end-use industries kept the overall market tone bearish.
In China, melamine prices stable due to reduced purchasing activity, as many global participants were absent during the Labor Day holiday. Buyers from Japan, South Korea, and China are set to return after May x. Trading slowed during the holidays, with most players holding off, waiting for better conditions amid low cash flow and ongoing weak vibes. The cost of melamine in Chinese market settled at USD xxx/MT on a FOB Qingdao basis.
The average plant utilization rate fell to xx.xxx in recent months, with weekly output declining to xx,xxx tons. Several...
