Melamine Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Melamine in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Melamine Price Trend for the October - December of 2023

Asia

At the beginning of the fourth quarter, the melamine prices were relatively stable, but as the quarter progressed, the melamine price trend began to oscillate. However, the quarter ended on a positive note, given the favorable dynamics of the market. Since November, the number of orders of melamine from the domestic and overseas industries improved gradually. Moreover, when the uncertainties in the cost of urea rose, and the manufacturing sector slowed down, the traders had room to increase the melamine prices.

Melamine Price Chart

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Europe

Melamine prices in the European market surged mainly towards the end of the fourth quarter as they were driven by a rise in furniture demand and disruptions in global trade routes. Germany, which is a major exporter of furniture, was able to maintain its consistent rise in melamine prices despite a slight decrease in urea costs. Other factors that played in favor of melamine market trend were the elevated number of queries from the laminates, coatings, and wood adhesives sectors of the construction industry.

North America

The rise in uncertainties in the prices of feedstock urea did not prove to be a major hindrance in the upward journey of melamine price trend. The positive outlook of the market was based on high demand from the construction sector which in turn itself was fueled by increasing government initiatives.

As the elections approached closer in the US, the spending appetite of the government resulted in easing inflationary pressure on the manufacturing industries. There were, however, some month-to-month fluctuations in the market conditions, but overall, the melamine prices faced northwards. 

Analyst Insight

According to Procurement Resource, the price trend of melamine are estimated to remain positive in the coming quarter, given the current market dynamics and pricing fundamentals.

Melamine Price Trend for the July-September of 2023

Asia

In the Asian countries, after struggling in the past quarters, the melamine market witnessed a significant inclination in the third quarter of 2023. The prices rose on account of the rise in the cost of feedstock materials. On the other hand, the demand from the downstream industries did not witness any severe inclination but remained stable throughout the quarter. The overseas industries also raised their number of inquiries, which in turn helped in the rise in the melamine price trend.

Europe

The European countries enjoyed an increase in the cost of production and demand for melamine in Q3’23. The upswing of the melamine price graph was also a positive consequence of increasing feedstock prices and a rise in upstream prices. However, the European countries struggled with the high uncertainties in the economic region due to which the industrial sector faced several difficulties. In addition to this, the hike in energy prices, along with rates of interest charged by banks, pushed the prices of melamine in an upwards trajectory.

North America

In North America, the furnishing and coating industries increased their procurement rates of melamine, and the infrastructure activities surged, affecting the melamine price trend positively. The housing sector also witnessed a significant inclination that further supported the demand for melamine. However, the steady inflation rates and limited supply of raw materials challenged the growth of the melamine market, but overall market sentiments remained in favor of melamine prices.

Analyst Insight

According to Procurement Resource, the price trend of Melamine are estimated to oscillate with the rise in demand but are expected to struggle due to the pressure of inflation.

Melamine Price Trend for the First Half of 2023

Asia

In the first and second quarters of 2023, the market of melamine struggled to maintain its pace as its growth trajectory was negatively impacted by rising inventory stocks and consistently declining demand.

In addition to this, the weak support from the feedstock sector and the feeble condition of the furnishing and coating sectors pushed the prices of melamine in a southwards direction. Due to the overall plunging market sentiments, the traders had to offer discounts on bulk purchases, which in turn disrupted the trading sentiments and the price trend of melamine.

Europe

The prices of melamine in the first quarter of 2023 suffered from the falling purchasing potential of buyers and lower trading rates. However, the dynamics changed in the second quarter as the market activities of melamine gained momentum and helped its prices to surge.

The demand from the downstream industries was moderate, while the rise in feedstock prices raised the cost of production, which in turn helped the prices of melamine to surge. Further, the inclined interest rates, improvement in the market activities of construction and coatings, and a high number of inquiries from the international sectors helped in the growth of the melamine price trend.

North America

In the first quarter of 2023, the limited trading activities in the North American region led to a decline in the price trend of melamine. Due to weak trading and demand for melamine, the level of stockpiles rose, adversely affecting the prices of melamine. In the second quarter, however, the cost of production rose on account of the rising cost of feedstocks, and moderate demand from the downstream industries supported the growth in the prices of melamine.

Analyst Insight

According to Procurement Resource, the price trend of Melamine is estimated to fluctuate as the demand and overall global trading sentiments of the melamine market seem weak.

Procurement Resource provides latest prices of Melamine. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.