Product
Melamine Resin Price Trend and Forecast
Melamine Resin Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of Melamine Resin in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
For the First Half of 2022
Asia
Due to solid demand fundamentals, melamine resins prices in China increased by more than 2% in the first few days of February. Manufacturers of melamine were forced to maintain price increases due to the ongoing increase in urea costs and the high level of demand from both the domestic and global markets.
At the end of Q1, melamine was reported to cost 1765 USD/MT FOB Qingdao,China. Melamine resin price trends faced unfavourable market sentiments in the second quarter of 2022. Due to the bearish production cost of melamine following the price trajectory of the previous quarter, prices were already on the lower side in the first half.
Europe
As tensions between Russia and Ukraine grew, the price of melamine resins unexpectedly rose in the European market in the first half of 2022. Spot offtakes continued to be strong, and a sizable plant turnaround kept prices high. At the end of March , the price of melamine resins in Germany increased by close to 300-350 USD/MT from the previous quarter.
Due to increased consumer demand and a change in the price trend for foreign suppliers, Melamine prices in Q2 2022 remained on the high range. The quarter saw a sharp increase in exports from Germany and the Netherlands to other European nations as upstream laminate industries' high demand drove up prices even more.
North America
In Q1 2022, the Melamine resin market was affected by logistics difficulties, expanded production cost and rising contract prices. Due to the USA's natural gas shortages, US melamine suppliers had to contend with an unexpected change in urea costs and decreased production rates. Melamine resin prices fell in April of Q2 2022 as a result of waning consumer demand and expanding production facilities.
Melamine's manufacturing facilities reduced operational costs in Q2 2022, which lowered prices for local and international suppliers. Prices increased at the end of the quarter as a result of strong domestic demand and changes in the price of the feedstock methanol.
Procurement Resource provides latest prices of Melamine Resin. 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.
About
Melamine Resin is a white, odourless thermosetting plastic that strengthens as heated during the production process. It is formed by the polymerization of melamine with formaldehyde. It retains its shape and structure, unlike the other plastics, which soften on heating and hardens while heated. Melamine resin is not resistant to concentrated alkalis and acid. Also, the utensils are not microwave safe as the radiations cause the polymers to break, causing food contamination.
Product Details
| Report Features | Details |
| Product Name | Melamine Resin |
| HS CODE | 390920 |
| CAS Number | 9003-08-1 |
| Industrial Uses | Automotive coatings, Polyester appliance coatings, Mouldings, Laminated panels, Crockery |
| Chemical Formula | C4H8N6O |
| Synonyms | Melamine formaldehyde, Melamine formaldehyde polymer |
| Molecular Weight | 156.14 g/mol |
| Supplier Database | BASF, Capital Resin, Ineos |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Processes
- Production of Melamine Resin from Polymerization
Melamine resin is produced via the condensation of formaldehyde with melamine to give the hexa-hydroxymethyl derivative. This reaction intermediate further polymerizes upon heating to form melamine resin.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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