Melamine Prices

Melamine Prices June 2024

The melamine prices in the United States for Q2 2024 reached 1545 USD/MT in June. The industry saw heightened volatility, driven by excessive inventories and weak demand in core sectors like furniture and laminates. Rising costs and low activity in end use sectors weighed on prices, maintaining a persistent negative trend. Economic factors such as high interest rates intensified the bearish market sentiment, as the industry faced prolonged price pressure and limited recovery prospects.

The price trend for melamine in South Korea for Q2 2024 settled at 935 USD/MT in June. The market endured significant price declines, heavily impacted by a downturn in construction undertakings. Reduced demand for melamine-based products and rising stock levels kept prices under pressure. Seasonal slowdowns in construction added to the ongoing bearish sentiment, reinforcing a cautious market outlook throughout the quarter. The total environment reflected challenging conditions and restrained price recovery.

In Germany, the melamine prices for Q2 2024 reached 1376 USD/MT in June. The market faced marked price reductions, influenced by weak demand across industries like construction and laminates. Economic constraints and surplus supply pressured prices further. Seasonal demand changes intensified the price dip as the quarter progressed, underscoring the continued bearish sentiment. A surplus inventory and limited demand recovery defined the market’s overall direction.

The price trend for melamine in Brazil for Q2 2024 settled at 1410 USD/MT in June. The market experienced sustained price declines amid low demand and high inventory levels. Economic uncertainties and reduced downstream activity in sectors like furniture and coatings kept prices subdued. Seasonal variations and lower import prices further pressured the market, leaving it in a prolonged phase of bearish sentiment and limited demand growth.

Melamine Prices December 2023

The melamine prices in the United States for Q4 2023 reached 1851 USD/MT in December. The market witnessed initial price increase due to strong demand from construction and lamination sectors. However, prices declined in November and December as supply constraints eased and inventory levels adjusted. The surge in prices towards the end of the quarter reflected holiday demand and tight market conditions, despite moderate feedstock costs.

The price trend for melamine in South Korea for Q4 2023, reached 1029 USD/MT in December. The overall price trend was volatile, dropping in October and December due to oversupply and lower feedstock costs. November saw a spike in prices driven by higher feedstock costs and supply disruptions. The market faced mixed trends due to changing demand in construction and automotive sectors, influencing overall price movements.

The price trend for melamine in Germany for Q4 2023, reached 1534 USD/MT in December. The market experienced significant price fluctuations, with an initial rise in October due to operational costs and moderate demand. Prices fell in November and December amid weakened demand from the construction sector and lower feedstock prices. The market showed a bearish trend by the end of the quarter, reflecting reduced industrial activity.

The price trend for melamine in Brazil for Q4 2023, reached 1138 USD/MT in December. The market experienced a bearish trend, with prices declining due to reduced demand and excess supply in construction and furnishing sectors. Increased import prices from key exporters like China and the USA added to the cost pressures. The market faced challenges from economic shifts and rising production costs, resulting in a price decrease.

Regional Coverage

The report provides a detailed analysis of the melamine market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the melamine price trend.

Global Melamine Price

The report offers a holistic view of the global melamine pricing trends in the form of melamine price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into melamine historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into melamine price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed melamine demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Melamine Price

Q2 2024: 

The Europe’s melamine industry witnessed downward pricing pressures due to low requirement by the construction and furniture industries, coupled with oversupply issues. A challenging economic environment, with high inflation and growing borrowing costs, added to the subdued market sentiment. Reduced production costs, due to declining natural gas prices, provided limited relief as overall demand remained weak. Germany witnessed significant price declines, with a consistent bearish trend reflecting broader European market dynamics. Seasonal factors further affected prices, with a sharper decline observed in the latter part of the quarter. This extended phase of price erosion underscored the imbalance between supply and demand across the continent, leaving the market in a prolonged state of price pressure and weak demand.

Q4 2023:

In Q4 2023, the melamine market in Europe faced mixed trends, with prices rising in October due to higher operational cost and moderate demand. A drop in prices occurred in November as demand weakened and inventory levels adjusted. The German market was notably affected by reduced demand in construction and lower feedstock prices, leading to a downward price trend by December. Challenges in the chemicals and wood furniture industries, alongside weak procurement, contributed to declining orders and a bearish market outlook. Strategic destocking by manufacturers and reduced production costs also played a role in the observed price decrease.

This analysis can be extended to include detailed melamine price information for a comprehensive list of countries.

North America Melamine Price

Q2 2024: 

 In Q2 2024, North America's melamine industry encountered a steep downturn, shaped by weak demand across major industries like laminates, furniture, and coatings. Rising creation costs and abundant inventories created a challenging pricing environment, which saw melamine prices steadily fall. Economic challenges, including rising interest rates, weighed heavily on downward activities, stifling demand, and contributing to negative market sentiment. Moreover, shifts in urea feedstock costs and periodical need patterns further pressured prices. The United States market experienced notable volatility, with significant price adjustments by the quarter's end, reflecting the high inventory levels and subdued market recovery. The overarching bearish atmosphere underscored a prolonged phase of price depreciation, with industry players facing consistent pricing pressure amidst uncertain economic conditions.

Q4 2023:

In the fourth quarter of 2023, the North American melamine market saw fluctuating prices, initially rising in October but declining in the subsequent months. Increased demand from the construction and lamination sectors drove prices up, especially during the holiday season. However, supply constraints and moderate feedstock costs, combined with inventory depletion, created a tight market. The market was impacted by mixed demand from end-use industries and varying investment levels in construction. As demand increased toward the end of the quarter, melamine prices surged, reflecting reduced inventories and increased spending on home renovations and the automobile sector, leading to market tightness and higher prices despite moderate feedstock costs.

Specific melamine historical data within the United States and Canada can also be provided.

Middle East and Africa Melamine Price

The report explores the melamine pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on melamine prices for countries can also be provided.

Asia Pacific Melamine Price

Q2 2024: 

During Q2 2024, the market in the Asia Pacific displayed significant volatility due to multiple influences, including softened demand from key sectors like construction and laminates. While the Chinese market showed some stability after an earlier slump, the broader regional outlook remained cautious. Oversupply issues and reduced export demand further added to the challenges, keeping price recovery restrained. Price shifts in core feedstocks like urea and natural gas impacted production expenses, thereby affecting melamine prices across the region. In South Korea, a marked downturn in construction intensified the price decline, as low demand for construction-related products, accompanied by seasonality, led to heightened inventory levels and persistent bearish trends. The overall pricing environment remained negative, reflecting sustained market pressures and economic uncertainties.

Q4 2023:

During Q4 2023, the melamine market in South Korea experienced mixed trends, with prices dropping in October and December mainly due to lower feedstock costs and oversupply. Reduced orders from the construction and laminate sectors also contributed to the decline. November saw a price surge driven by rise in feedstock cost and supply chain constraints from China, coupled with increased demand from the housing and automotive sectors. The price changes reflected fluctuating demand in various sectors and strategic inventory management by manufacturers. The overall market saw volatility due to a combination of supply chain issues and shifting demand, which influenced the price movements throughout the quarter.

This melamine price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Melamine Price

Q2 2024: 

In Q2 2024, Latin America's melamine market faced persistent pricing declines amid weak requirement by sectors like laminate, furniture, and coatings. Economic pressures, rising interest rates, and an oversupplied market added to the region’s negative sentiment. Abundant inventories and low import prices further hindered price recovery efforts. Periodical changes in demand and fluctuating urea costs compounded market difficulties, keeping prices on a downward trajectory. Brazil’s market mirrored this trend, experiencing marked rate decrease due to high inventory and subdued downward demand. By the end of the quarter, the pricing landscape remained bearish, as demand challenges and economic pressures continued to shape the industry’s trajectory. This prolonged phase of price weakness highlighted ongoing challenges in demand growth and price stabilization across the region.

Q4 2023:

In Q4 2023, the melamine market in Latin America saw varying trends influenced by increased import volumes from China and the USA. While Brazil's economic improvements initially boosted demand, challenges such as reduced exports, lower demand in construction and furnishing, and higher production costs led to a bearish trend. Despite moderate supply levels, rising import prices and higher costs in exporting countries pushed up melamine prices in Brazil. The market faced a slowdown due to excess supply and changing economic conditions, leading to a general decline in prices and reflecting broader market dynamics.

This comprehensive review can be extended to include specific countries within the region.

Melamine Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Melamine Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of melamine pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of melamine at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of melamine price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing melamine price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Melamine Market Analysis

The global melamine market size reached US$ 1.8 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 2.8 Billion, at a projected CAGR of 4.80% during 2023-2032.

• The escalating demand for melamine due to the thriving construction sector is impelling the growth of the market. According to the Invest India, the construction industry is anticipated to reach US$ 1.4 Trillion by 2025. Besides this, melamine-faced panels are laminated panels that are made by coating a thin layer of melamine resin on a wooden or composite substrate. They provide enhanced durability, resistance to moisture, and an attractive appearance. They can also withstand high temperatures and are fire resistant. They are widely used for interior applications, like cabinetry, wall partitions, and furniture. In addition, the increasing focus on sustainable construction practices, along with the growing demand for energy-efficient buildings, is offering a positive market outlook.
• The melamine demand is further increased due to its utilization in the agriculture sector. The growing adoption of melamine-based fertilizers on account of the rising need to enhance agricultural productivity is positively influencing the market. Furthermore, the global agricultural production of primary crops reached 9.5 billion tons in 2021, as claimed by the Food and Agriculture Organization of the United Nations. Apart from this, melamine can be used as a slow-release nitrogen (N) fertilizer, which provides a route for the recycling of melamine waste and the combatting of N loss from fertilizers.
• Melamine also serves as a suitable coating in automotive applications for interior components and parts. The increasing need for melamine due to the surge in vehicle production. For instance, Society of Indian Automobile Manufacturers reported that there were a total 2,59,31,867 vehicle production in 2022-2023. In addition, melamine formaldehyde (MF) resins are fast curing and can withstand high temperatures while providing enhanced chemical resistance. They are used in surface coatings of automobiles and to make decorative laminates. Besides this, melamine coatings exhibit resistance to various chemicals, including automotive fluids, such as oils and cleaners, thereby protecting interior components from chemical damage.

Melamine News

The report covers the latest developments, updates, and trends impacting the global melamine market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in melamine production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the melamine price trend.

Latest developments in the melamine industry:

• 1 September 2021, Eurotecnica announced the award of two other large contracts for the implementation of high-pressure melamine plants with 60,000 tons per year and 80,000 tons per year capacity, respectively. Both plants feature single reactors and use the ultimate 5th generation (G5) proprietary Euromel® technology.
• 23 August 2022, PETRONAS Chemicals Group Berhad (PCG) unveiled its melamine plant project in the vicinity of its PETRONAS Chemicals Fertiliser Kedah Sdn Bhd (PC FK) complex. The plant is targeted to come onstream in 2024 with a capacity of 60,000 tons per annum, making PCG the sole melamine producer in Southeast Asia.

Product Description

Melamine is a colorless crystalline substance that belongs to the family of heterocyclic organic compounds. It can be manufactured from dicyandiamide, hydrogen cyanide, or urea. It is primarily used for the manufacture of synthetic resins. It resists fire and can tolerate heat better than other plastics. It assists in making durable and long-lasting kitchenware products.

Melamine formaldehyde resins are used as finishing agents to impart wrinkle resistance and crease recovery properties to fabrics. They are also used in protective clothing, such as firemen uniforms, thermal liners, or heat-resistance gloves and aprons.

In line with this, melamine is usually co-reacted with urea-formaldehyde to prevent formaldehyde emissions in particleboards. Furthermore, it is employed in decorative laminates for flooring, wall panels, countertops, and furniture surface due to its scratch resistance and aesthetic appeal.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of melamine pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting melamine price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The melamine price charts ensure our clients remain at the forefront of the industry.