Melamine (Commercial) Weekly Report 05 Aug 2017

Weekly Price Trend: 31-07-2017 to 04-08-2017

          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. 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 increased 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 increased 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 prices have remained firm while commercial quality prices have increased.
•  Melamine Commercial prices have increased as material availability has been limited while demand has been increasing from end users.
• Domestic melamine prices have increased on account of bullish demand sentiments from end users.
• European turnarounds not likely to affect US melamine prices while Europe melamine demand healthy with small summer slowdown.
• For the Q4 US melamine pricing outlook mixed.

$1 = Rs. 63.58
Import Custom Ex. Rate USD/ INR: 64.55
Export Custom Ex. Rate USD/ INR: 62.85