Melamine prices have increased owing to better demand sentiments in market.
As per the report presently in China demand is lesser due to DRI investigation but some major players are offering deal on the back of this prices of Melamine have escalated as demand sentiments are improving. In Iran, material is available in good quantity and demand sentiments are also good.
Last week, CIF India price of Melamine Commercial and Standard quality of material were assessed at the level of USD 930/mt and USD 1310/mt respectively.
Domestic price of Melamine were assessed at the level of Rs 97/kg and Rs 99/kg for Mumbai and Ahmedabad ports respectively.
