Melamine (Commercial) Weekly Report 06 Jan 2018

Weekly Price Trend: 25-12-2017 to 29-12-2017

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. 112/Kg for Ahmedabad and Rs. 111/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. 111/Kg for Ahmedabad and Rs. 110/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. 112/Kg for Ahmedabad and Rs.111/kg for Mumbai ports and commercial quality were evaluated at Rs. 111/kg for Ahmedabad and Rs.110/kg for Mumbai.
• This week International Melamine standard and commercial prices have increased in compare to previous week.
• China’s melamine export prices plunged at the beginning of the year amid strong resistance from buyers.
• As per recent report, US Q1 prices anticipated to go up on tight supply.
• Europe Q1 melamine contract talks ongoing, increases agreed.
• As per market players in China material is not available, as on account of environmental protection norms many plants has been shut which has resulted in shortage of feedstock urea.
• In China material is not available in consequence of this demand from Iran and Qatar has been escalated resulted increase in prices in Iran and Qatar.

 $1 = Rs. 63.37
 Import Custom Ex. Rate USD/ INR: 64.50
 Export Custom Ex. Rate USD/ INR: 62.80