Market Overview for Last Week: Rebounded from the Downturn with a Strong Surge

Last week (July 21–27, 2026), the domestic melamine market experienced a significant "V-shaped" turnaround. Initially, the market continued to fluctuate weakly with prices hovering at low levels; however, by the weekend (July 27), the market surged strongly, successfully halting the downward trend and shifting to a rebound.

As of July 27, the benchmark price of melamine surged to 6,125.00 RMB/ton, marking a significant increase of 2.08% from the previous trading day (6,000.00 RMB/ton). On a monthly basis, the current price reflects a cumulative rise of 1.24% from the 6,050.00 RMB/ton recorded at the beginning of the month, signaling a clear recovery in market sentiment.

Market Outlook

Overall, after a period of bottoming out lasting several days, the melamine market successfully broke through this weekend, significantly boosting market confidence in the short term. Driven by essential demand and market sentiment, melamine prices are expected to maintain a pattern of fluctuating with a firm undertone; moving forward, it will be important to monitor the follow-through of downstream demand and changes in plant operating rates.

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