Melamine (Commercial) Weekly Report 09 Sep 2017

Weekly Price Trend: 04-09-2017 to 08-09-2017

          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 remained firm 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 remained firm 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 remained firm 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 prices have increased by USD 80/mt.
• In Iran market prices have remained firm as no offer is available from market. Market players also have remained silent to observe market trend.
• In China market melamine prices have improved as demand sentiments has been strong and material is available in limited quantity.
• As per report, China's Chengdu Yulong shuts its melamine plant for maintenance turnaround.
• Market players have said that presently US upcoming melamine price direction have been unclear.
• US buyers are ready for higher domestic melamine prices in near term as Tropical Storm Harvey continues to hit US Gulf Coast, forcing a number of sites offline and prompting several companies to declare shut down.

 $1 = Rs. 63.78
 Import Custom Ex. Rate USD/ INR: 64.90
 Export Custom Ex. Rate USD/ INR: 63.25