Melamine (Commercial) Weekly Report 09 June 2018
Weekly Price Trend: 04-06-2018 to 08-06-2018
- 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 escalated this week and at the end of the week were assessed at the level of Rs. 116/Kg for Ahmedabad and Rs. 114/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 but in compare to previous week prices have plunged and at the end of the week were assessed at the level of Rs. 115/Kg for Ahmedabad and Rs. 113/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. 116/Kg for Ahmedabad and Rs.114/kg for Mumbai ports and commercial quality were evaluated at Rs. 115/kg for Ahmedabad and Rs.113/kg for Mumbai.
- This week International Melamine standard and commercial prices have plunged in compare to previous week.
- China is one of the major producer of Melamine in Asian region. There has been continues hike in Melamine values on back of limited supply and plenty demand. This week prices breached the level of USD 1200/MT. Chinese melamine makers are feeling the pressure due to continuous rise in prices as demand from Urea sector has been on upfront.
- Hopes that Chinese urea prices could correct downwards soon have also dimmed on news of recent production woes at some Chinese urea plants, including a 70,000 tonne/year line in Xinjiang.
- As per report, Europe melamine sellers target increase for Q3 prices.
- US Q3 melamine prices will go up anticipated by market players.
$1 = Rs. 67.50
Import Custom Ex. Rate USD/ INR: 67.85
Export Custom Ex. Rate USD/ INR: 66.15
