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Due to the high demand and limited supplies, Cornerstone Chemicals increased Melamine prices by USD 440.92 per MT in May. The FOB Texas pricing discussion was assessed at USD 2611 per tonne in June. Asia Pacific
On a year-over-year basis, the prices of Melamine (United States) decreased significantly by 26%. Meanwhile, the average price of Melamine (China) amounted to 904 USD per metric ton, from 1,240 USD per metric ton one year earlier.
Prices of Melamine (Southeast Asia) increased significantly during Q4 2023, reaching 987 USD per metric ton, which means a rise of 7.6% from the previous quarter’s price and a decline of 17%...
Melamine Price Trend for the Q1 of 2024. Stay updated with the latest Melamine prices, historical data, and tailored regional analysis. Asia.
Our experts focus closely on all the key melamine markets, reporting on concluded business, the prices negotiated and the production activity fluctuations.
In July 2022, the melamine price per ton stood at $3,564, picking up by 12% against the previous month. Over the period from January 2022 to July 2022, it increased at an average monthly rate of +3.0%.
The Melamine Market size is estimated at 1.87 Million tons in 2024, and is expected to reach 2.30 Million tons by 2029, growing at a CAGR of 4.15% during the forecast period (2024-2029). The melamine market was negatively impacted during the COVID-19 pandemic in 2020. The market improved in 2021.
Melamine price September 2024 and outlook (see chart below) North America:US$1.7/KG, 6.3% up; Europe:US$1.36/KG, 0.7% up; Northeast Asia:US$0.98/KG, -2% down; South America:US$1.07/KG, unchanged; Middle East:US$1.33/KG, 3.1% up; The chart below summarizes Melamine price trend per region, as well as the outlook. It takes a moment to load.
The global demand for melamine is likely to reach cross US$ 2.8 Bn by 2027 with a CAGR of more than 4% from 2019-2027. Demand for melamine is largely attributed to strong growth in the global construction industry and rising demand for lightweight and low-emission automotives.
In May 2022, the melamine price per ton amounted to $3,540 (CIF, US), growing by 7.2% against the previous month. Over the period from January 2022 to May 2022, it increased at an average monthly rate of +4.4%.