Melamine (Commercial) Weekly Report 04 March 2017

Weekly Price Trend: 27-02-2017 to 03-03-2017

          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 increased and at the end of the week were assessed at the level of Rs. 128/Kg for Ahmedabad and Rs. 126/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 increased in compare to previous week and at the end of the week were assessed at the level of Rs. 127/Kg for Ahmedabad and Rs. 125/Kg for Mumbai port.

Booking Scenario

INDIA & INTERNATIONAL

• This week in domestic market prices of Melamine standard and commercial quality have increased and at the end of this week price were assessed at the level of Rs. 128/Kg for Ahmedabad and Rs.126/kg for Mumbai ports and commercial quality were evaluated at Rs. 127/kg for Ahmedabad and Rs.125/kg for Mumbai.
• As per analyst view, in near term demand sentiment from will take positive turn which will escalate melamine prices.
• This week International Melamine standard and commercial prices have remained firm.
• As per market players on account of lesser material availability domestic melamine prices have improved.
• Recently in China and Iran melamine is available in lesser quantity while import demand has been increasing on account of this prices have increased.
• US Q2 melamine negotiations to commence from early March.
• China melamine prices will remain uncertain in the first quarter, with price movements to be led by production stability and output from China plants.

$1 = Rs. 66.81
Import Custom Ex. Rate USD/ INR: 67.65
Export Custom Ex. Rate USD/ INR: 66.00