April 22 — On April 22, Hubei Dangyang Huaqiang Melamine’s ex-factory price was quoted at 6,700 yuan/ton, down 1,500 yuan/ton from the previous quoted date. The plant has a capacity of 50,000 tons and is operating normally. Chempricehub’s analysis of melamine gives a long-short score of -2. The report notes that Hubei Dangyang Huaqiang Melamine’s ex-factory price has dropped sharply by 1,500 yuan/ton to 6,700 yuan/ton, a decrease of about 18.3%, indicating market oversupply or weak demand. The plant’s stable capacity (50,000 tons) and normal operation, with no supply constraints, are exacerbating downward pressure on spot prices. This news constitutes a significant bearish impact on melamine spot prices, and further declines are expected in the short term.
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