Melamine (Commercial) Weekly Report 11 Feb 2017

Weekly Price Trend: 06-02-2017 to 10-02-2017

• 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 but in compare to previous week prices have increased at Mumbai and Ahmedabad ports and at the end of the week were assessed at the level of Rs. 118/Kg for Ahmedabad and Rs. 116/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 increased at Mumbai and Ahmedabad ports 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.

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. 118/Kg for Ahmedabad and Rs.116/kg for Mumbai ports and commercial quality were evaluated at Rs. 116/kg for Ahmedabad and Rs.114/kg for Mumbai.
• This week International Melamine standard and commercial prices have increased.
• Recently melamine market is moving with bullish sentiments, demand sentiments has been growing.
• In China market after the Lunar New Year holiday demand of melamine has been improving while material availability has been lower as plants were shut during holiday.
• In near term demand supply situation will get settle in china market.
• In Iran demand was growing as in china material availability has been lesser on account of this melamine prices have increased.
• In domestic market demand for melamine from end users taking positive move which has resulted in prices increased.
• As per market analyst it is anticipated that in near term melamine prices will go up as demand is growing sharply from end users.
• As per the market report, Industry players were anticipating that the first quarter of 2017 will be bad for this Industry but as the industry is growing the effect may not be that bad.

$1 = Rs. 66.88
Import Custom Ex. Rate USD/ INR: 68.40
Export Custom Ex. Rate USD/ INR: 66.70