Melamine (Commercial) Weekly Report 27 May 2017
Weekly Price Trend: 22-05-2017 to 26-05-2017
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 plunged 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 plunged in compare to previous week and at the end of the week were assessed at the level of Rs. 95/Kg for Ahmedabad and Rs. 93/Kg for Mumbai port.
Booking Scenario
INDIA & INTERNATIONAL
- This week in domestic market prices of Melamine standard and commercial quality have plunged 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. 95/kg for Ahmedabad and Rs.93/kg for Mumbai.
- This week International Melamine standard and commercial quality prices have remained firm.
- In China, melamine market is moving with soft-to-stable velocity.
- As per source, the Asian melamine price trend for the second quarter will largely be dependent on Chinese supply availability.
- Two major Japan producers are scheduled for turnarounds and spot availability is expected to be limited for Japanese origin materials.
- In Iran, melamine prices have remained firm as material intake from end users has been bearish.
- Europe melamine supply cozy on maintenance stops and solid demand.
- As per report, Europe melamine players look towards Q3 contract talks. Some US Q3 melamine talks begin with offshore suppliers.
- As per repot, ZAP has restarted its Pulawy Melamine II line after maintenance turnaround.
$1 = Rs. 64.44
Import Custom Ex. Rate USD/ INR: 65.30
Export Custom Ex. Rate USD/ INR: 63.60
