Melamine (Commercial) Weekly Report 02 Sep 2017

Weekly Price Trend: 28-08-2017 to 01-09-2017

          The above given graph focuses on the Melamine Standard price trend for the current week.
If we take a quick look at the above given weekly prices then it can be observed that the prices of Melamine (Standard) have remained firm and at the end of the week were assessed at the level of Rs. 100/Kg for Ahmedabad and Rs. 98/Kg for Mumbai port. 

• The above given graph focuses on the Melamine Commercial price trend for the current week.
• If we take a quick look at the above given weekly prices then it can be observed that the prices of Melamine (Commercial) have remained firm in compare to previous week and at the end of the week were assessed at the level of Rs. 99/Kg for Ahmedabad and Rs. 97/Kg for Mumbai port.

Booking Scenario

INDIA & INTERNATIONAL

• This week in domestic market prices of Melamine standard and commercial quality have remained firm and at the end of this week price were assessed at the level of Rs. 100/Kg for Ahmedabad and Rs.98/kg for Mumbai ports and commercial quality were evaluated at Rs. 99/kg for Ahmedabad and Rs.97/kg for Mumbai.
• This week International Melamine standard and commercial prices have remained firm.
• As per report, demand sentiments in European melamine market have been stable.
• As per report, Chinese Shandong Shuntian  is planning to resume its melamine plants on 10 Sept.
• US buyers are ready for higher domestic melamine prices in near term as Tropical Storm Harvey continues to hit US Gulf Coast, forcing a number of sites offline and prompting several companies to declare force majeure.

$1 = Rs. 64.02
Import Custom Ex. Rate USD/ INR: 65.15
Export Custom Ex. Rate USD/ INR: 63.45