Melamine (Commercial) Weekly Report 06 Oct 2018

Weekly Price Trend: 01-10-2018 to 05-10-2018

• 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 this week and at the end of the week were assessed at the level of Rs. 128/Kg for Ahmedabad and Rs. 127/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. 127/Kg for Ahmedabad and Rs. 126/Kg for Mumbai port.

Booking Scenario

INDIA & INTERNATIONAL     1220

• This week in domestic market prices of Melamine standard and commercial quality prices have remained firm and at the end of this week price were assessed at the level of Rs. 128/Kg for Ahmedabad and Rs.127/kg for Mumbai ports and commercial quality were evaluated at Rs. 127/kg for Ahmedabad and Rs.126/kg for Mumbai.
• This week International Melamine standard prices have remained firm while Commercial quality prices have increased little  in compare to previous week.
• Borealis German melamine plant restarted after Sep turnaround. It is having the production capacity of 80000/mt.
• Borealis aims to ‘recalibrate’ fertilizers strategy, no plans for divestment.
• Presently Melamine market is moving with soft-to-firm velocity no major deals and discussion has been heard.
• On Holiday in China market demand sentiments have been  bearish.

 $1 = Rs. 73.78
 Import Custom Ex. Rate USD/ INR: 74.60
 Export Custom Ex. Rate USD/ INR: 72.90