Melamine (Commercial) Weekly Report 13 May 2017

Weekly Price Trend: 08-05-2017 to 12-05-2017

          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. 104/Kg for Ahmedabad and Rs. 102/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. 97/Kg for Ahmedabad and Rs. 95/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. 104/Kg for Ahmedabad and Rs.102/kg for Mumbai ports and commercial quality were evaluated at Rs. 97/kg for Ahmedabad and Rs.95/kg for Mumbai.
• This week International Melamine standard quality prices have plunged while Commercial quality prices have remained firm.
• In China, melamine market is moving with soft-to-stable velocity.
• In Iran, melamine prices have plunged as demand sentiments have been bearish while material is available in ample amount.
• As per report, US melamine exports for March were down by 67% year on year basis.
• Market players have said that, Europe melamine supply remains snug on stoppages and low imports.
• The Asian melamine price trend for the second quarter will be dependent on Chinese supply availability.
• Unforeseen supply cutbacks due to environmental investigations could cause prices to remain volatile, and a pick-up in appetite after a prolonged period of lacklustre demand from downstream sectors could help support prices, said by market players.

$1 = Rs. 64.30
Import Custom Ex. Rate USD/ INR: 65.10
Export Custom Ex. Rate USD/ INR: 63.40