China is one of the major producer of Melamine in Asian region. There has been continuos hike in Melamine values on back of limited supply and plenty demand. This week prices breached the level of USD 1200/MT. Chinese melamine makers are feeling the pressuer due to continuous rise in prices as demand from Urea sector has been on upfront.
Hopes that Chinese urea prices could correct downwards soon have also dimmed on news of recent production woes at some Chinese urea plants, including a 70,000 tonne/year line in Xinjiang.
