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Recent market situation of melamine.(26TH,OCT.2023)

The melamine market has been rising recently. The factory price of melamine from various manufacturers is mostly concentrated between RMB 7400-7600 /ton, with a significant increase in foreign trade inquiries. The enthusiasm for downstream factories in China is high, and there is a strong willingness to replenish inventory. In addition, the recent slight increase in urea has provided strong support for the melamine market. It is estimated that melamine prices will still have an upward trend in the future.