Huafu Chemicals Taike will share with you the latest melamine market situation. Among them, the basic situation of urea that affects the market price of melamine. As of October 29, the average reference price of the domestic urea market was 2,175 yuan/ton (about 305.7 US dollars/ton), an increase of 0.83% from October 1.
Supply and demand situation
In terms of supply, the urea market supply is sufficient this month. In terms of demand, agricultural demand maintains rigid demand purchases, the market trading is general, and the transaction is limited. At present, the supply and demand are relatively balanced.
Huafu Chemicals believes that the urea market has been running smoothly in recent days. It is expected that the domestic urea market price will run slightly in the short term.
