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Recent market situation of melamine (23TH,AUG. 2023)

Recently, the domestic melamine market has shown an upward trend. The average  EXW price exceeds ¥7400/MT, with international ex factory prices mostly concentrated at ¥7600-7900/MT, increase of ¥200-400/MT compared to last week. At present, the open rate of downstream factories has slightly increased, and manufacturers have sufficient confidence in melamine prices supported by urea's price. However, downstream procurement is still mainly based on demand.