Melamine (Commercial) Weekly Report 13 Jan 2018

Weekly Price Trend: 08-01-2018 to 12-01-2018

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 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 remained firm 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 remained firm 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 remained firm in compare to previous week.
• This week melamine market has remained firm as in Iran and China material is not available.
• In domestic market material is not available in ample amount while demand is good on account of this in near term prices will go up.
• OCI Melamine continues to run Geleen plant at reduced rate.
• Europe Q1 melamine contracts firming on shifting trade flows, snug supply.
• There has been constant surging in the Melamine values in Asian market. China is one of the major suppliers of Melamine.
• Since last one year Chinese government has become very strict regarding environmental issues. The government has asked many chemical manufacturers to either cut down rate or shut down their units. Strict environmental laws have been formulated and have been asked to abide accordingly.
• With slowdown in supply of Melamine from China the European manufacturers has been getting more orders. They also supply it to US or other European nation as it is more profitable rather supplying it to Asian countries like India and Asia. At present Qatar is the major supplier of Melamine to India.

 $1 = Rs. 63.61
 Import Custom Ex. Rate USD/ INR: 64.50
 Export Custom Ex. Rate USD/ INR: 62.80