Our weekly Melamine reports are published for Asia, Europe and the US. Price assessments gathered by our locally based reporters cover spot business in Asia, contract and spot in Europe, and contract only in the US.
The market analysis in the commentary section offers overviews of regional activity, upstream news, production updates, graphs, and any other key factors influencing prices. This independent market intelligence can assist you in making those crucial commercial choices with confidence.
Updated to Q2 2019
Melamine supply was ample amid the start-up of India’s new plant in January. The inflow of cheaper European and Middle East cargoes exerted the downward pressure on the Asian market. Major Chinese suppliers reduced prices to win more market share, which also dragged them into red territory amid cost pressures. Some small melamine plants in China had to shut down as they could not pass on the cost to their customers.
Demand slowed down amid the ongoing US-China trade war and global economic downturn. Most buyers and end-users were committed to their inventories and unwilling to do replenishment due to slowing off-take rates. The Muslim fasting month in some southeast Asian countries also hampered buying interest. Import interest in India was hindered by the increasing local supply.
The European melamine market remained well supplied, putting downward pressure on quarterly prices. Attractively-priced imports from regions outside of Europe also weighed on the market. Material was readily available during the quarter despite a few turnarounds in Europe.
Melamine demand was weaker at the start of the year and progressed slowly. 2Q demand is usually seasonally healthy but some sectors saw varied strength, depending on end-use application. On the buy-side, lower consumption levels compared with last year were noted.
Melamine supply and demand fundamentals were largely unchanged in the second quarter. Turnaround activity was lighter this year, which kept supply lengthy. The US has been a net importer of melamine since 2015. In addition to domestic supply from Cornerstone Chemical, which is the only domestic melamine producer, the US imported most of its supply from the Netherlands, Trinidad/Tobago, Germany and Japan.
Demand was soft in the second quarter, weighed down by under performance in the construction and automotive sectors. Q2 2019 contracts settled at a decrease. Q3 contract discussions were muted for most of the quarter, gaining some momentum near the end of the quarter.
We offer the following regional Melamine analysis and news coverage to keep you informed of factors and developments affecting prices in the Melamine marketplace.
More information about the price reports we publish on Melamine
Independent price assessments and market coverage by region
More information about the historical price data we publish on Melamine
Track historical price data
News & market analysis specifically relating to Melamine
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Regional price assessments, published daily or weekly, enabling you to keep track of trading prices, understand price drivers/fluctuations and set a benchmark for contract price settl ements. ICIS offers reports on over 180 commodities across the global petrochemical, energy and fertilizer markets. Information covered in our price reports includes:
Information is accessed online, via the ICIS dashboard service and is configurable to suit your preferences.
Produced by the ICIS Consulting team, these reports give a robust rolling 12-month price forecast, trade balances and in-depth analysis into where markets are heading – providing a valuable tool to support your short- to medium-term plans.
ICIS pricing intelligence is delivered to you online via the ICIS dashboard. Here you can view your reports and also access other useful services including related news, analysis, historical data and market alerts.
ICIS dashboard also makes it easy for you to create pricing charts, download price history and export data to create tailored analytical models.
ICIS weekly margin reports deliver the detail you need to understand how production costs and prices are affecting margins, enabling you to judge the likely impact on your business and optimise your upstream and downstream business decisions.
The Supply and Demand Window on the ICIS Dashboard provides a snapshot view of historical and forecast information for supply and demand, production capacity and trade flows – a key tool to help safeguard future investments within the chemicals market.
24-hour global coverage of breaking news in the petrochemical industry, including updates on production, shutdowns and key transacted deals, keeping you informed of market developments as they happen. The ICIS news service allows you to customise the market alerts delivered to your email inbox, providing the business-critical information you need straightaway.
An expert view of supply and demand comprising four fully-reconciled databases, giving you access to extensive data for more than 100 markets. Information is included on global and regional trade flows, production, capacity and sources of demand in the short-, medium- and long-term. Data can be downloaded, customised and queried to support your planning requirements and your strategic decisions.
ICIS provides specialist training courses across the global petrochemicals, base oils and fertilizers industries. Our training team of industry experts can help you increase your knowledge of the industry and gain the insight and know-how needed to operate and trade effectively.
Find out more about ICIS training courses >>
ICIS produces a series of highly informative and timely conferences. Extensive research is carried out to ensure that each programme delivers the information you need and addresses current industry issues. We source speakers who have the appropriate expertise and experience to deliver excellent quality papers.
Find out more about ICIS conferences >>
Working closely with you to understand your strategies, challenges and ambitions, the ICIS consulting team deliver tailored advice and solutions to suit your unique requirements. With many years’ experience of guiding business leadership teams, we show you how market conditions can make a positive or negative impact on your long-term plans.
ICIS expert consultants can provide your organisation with the insight, intelligence and data needed to build and grow your business in China. We can help you to gain a clear view on the short and long-term supply and demand picture in the chemicals, energy, iron and steel, non-ferrous metals and paper and pulp markets in China.
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Melamine, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.
Melamine was originally manufactured by heating dicyandiamide under pressure.
Melamine was originally manufactured by heating dicyandiamide under pressure. Currently, melamine is produced by the decomposition of urea into cyanic acid and ammonia in an endothermic reaction. Cyanic acid is then polymerised to form melamine and carbon dioxide.
Its most important reaction is that with formaldehyde, forming resinous compounds of high molecular weight. The construction and automotive industries figure high in driving melamine growth. Container and coil coatings, laminates and flame retardant uses have all experienced growth in recent years.
Melamine is used in the production of moulding powder to make dinner ware, coatings in cars, fan coils and appliances. Other uses include adhesive resins, which are used in the making of wood panels for the construction of kitchens, bathrooms, furniture and flooring. Melamine is produced by heating urea, ammonia (NH3) and carbon monoxide, of which the resulting mixture of isocyanic and ammonia reacts over a solid catalyst at about 400ºC.
Melamine is moderately toxic by ingestion and a skin and eye irritant.
LONDON (ICIS)--Despite the bleak, short-term economic outlook, European chemicals will be pivotal in resolving global challenges and can still thrive as urbanisation and middle class growth continue...Read
LONDON (ICIS)--The impact of leaving the EU without a deal could slash UK GDP by two percentage points by the end of 2020 on the back of trade barriers and uncertainty deterring investment, the...Read