Speaking about lack of optimism in the market, both domestic and international, Mr Yuan Xiaoping, Sales Manager, "Ankang Hunan Chemical Co., Ltd." said the company has suffered 10% sales drop 'golden nine silver ten'. While traditional peak season is set to return to melamine market, the demand and lack luster exports do not bring much of optimism and the season is expected to remain stagnant throughout.
China is the largest producer and exporter of melamine in the world as it recorded a highest of 235,800 tons of melamine exports in 2014. The exports stood 11% of total capacity but the similar hasn't been observed this year. The average export price of $906.59 per unit has dropped more than 18% as the international market demand was sluggish. The real estate sector and downstream emerging industries in China such as melamine fiber and foam, are expanding but the growth is laidback as compared to previous years. As the October market gets dearer, the lack luster demand is not likely to cross a price barrier of 7,000 yuan
