ICIS has a network of locally based reporters providing coverage of regional Melamine markets. They provide not just pricing information, but an in-depth understanding of the factors driving prices and market fluctuations.
Updated to Q4 2018
Asia melamine prices fell all the way in Q4 2018 on ample supply and sluggish demand. Supply in China was long as China’s Hualu-Hengsheng started up its 50,000 tonne/year melamine plant, which weighed on market sentiment. Major Chinese exporters dropped prices in line with falling local prices to promote sales while non-Chinese producers also slashed prices to compete with Chinese sellers. Key FOB China prices closed at $930-950/tonne FOB China by 19 December 2018, down from $1,180-1,220/tonne FOB China recorded on 3 October 2018.
Downstream demand slowed down in the fourth quarter of 2018 amid poor sales and falling prices. The end-users in Asia just purchased cargoes on a need-to basis and had no interest in building stocks amid the bearish market sentiment and the slowing off-take rate. Downstream users also mentioned that they had received fewer orders for the holiday season compared with the previous year, 2017, amid the global economic downturn.
We offer the following regional Melamine analysis and news coverage to keep you informed of factors and developments affecting prices in the Asia Melamine marketplace.
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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.
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Melamine was originally manufactured by heating dicyandiamide under pressure.
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ICIS price assessments are based on information gathered from a wide cross section of the market, comprising consumers, producers, traders and distributors. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments, giving you a robust reference for your negotiations.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Melamine. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
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