Price trend

This week, the melamine market showed a generally stable to slightly stronger trend. As of November 13, the benchmark price of melamine on SunSirs was 5,387.50 RMB/ton, an increase of 0.68% compared with last week (5,375.50 RMB/ton).

Central China: The market remained stable with slight increases. For example, some manufacturers in Hubei Province quoted an ex-factory price of 5,250 RMB/ton on November 10th; while some manufacturers in Henan Province raised their ex-factory prices to 5,300 RMB/ton on November 11th. This indicated that mainstream prices stabilized above 5,000 RMB/ton and were attempting a slight upward trend.

Influencing factors

Supply side:

The main driver of price stabilization was tightening supply. During the same period, some major producers' plants were shut down, directly reducing market supply. Henan Haohua Junhua's Phase I and Phase II plants were reported to have been shut down for extended periods. Sichuan Meifeng's 50,000-ton capacity plant was also shut down. These shutdowns of key equipment provided strong support for market prices.

Cost side:

The price of raw material urea declined quarter-on-quarter in the third quarter of 2025, weakening the cost support for melamine and making it difficult for melamine prices to rise.

Demand side:

The building materials sector, which accounts for 60% of melamine demand, had seen a contraction in demand directly impacted by the sluggish real estate market. Meanwhile, although exports increased in volume, the average export price fell sharply year-on-year, resulting in a situation of "increased volume but decreased profits."

Market outlook

In conclusion, despite favorable supply-side conditions, the overall sentiment in the melamine market remained cautious. Some industry observers pointed out that as previously shut-down plants may resume production, supply-side support could weaken. Simultaneously, the easing of upstream raw material urea prices could lead companies to flexibly adjust their pricing based on their order intake. This confirms the current prevailing market sentiment of "holding steady and observing."

If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.