Melamine (Commercial) Weekly Report 29 Sep 2018
Weekly Price Trend: 24-09-2018 to 28-09-2018
- 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 increased this week and at the end of the week were assessed at the level of Rs. 128/Kg for Ahmedabad and Rs. 127/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 in compare to previous week and at the end of the week were assessed at the level of Rs. 127/Kg for Ahmedabad and Rs. 126/Kg for Mumbai port.
Booking Scenario
INDIA & INTERNATIONAL 1220
- This week in domestic market prices of Melamine standard and commercial quality prices have remained firm and at the end of this week price were assessed at the level of Rs. 121/Kg for Ahmedabad and Rs.120/kg for Mumbai ports and commercial quality were evaluated at Rs. 120/kg for Ahmedabad and Rs.119/kg for Mumbai.
- This week International Melamine standard and Commercial quality prices have plunged while in compare to previous week.
- Japan’s August melamine exports fall 30.0% month on month.
- Asia’s petrochemical trades have slowed down as China will go on a week-long holiday in October.
- Trading activity is expected to pick up in mid-October when Chinese players will be back in the market.
- As per report, in the melamine market, major Chinese exporters have raised offers with higher feedstock cost and increasing buying enquiries before the Golden Week.
- Some downstream users started to build inventories in the week on concerns that melamine prices would increase sharply after the holiday.
- Melamine prices spike in the fourth quarter due to strong demand.
$1 = Rs. 72.48
Import Custom Ex. Rate USD/ INR: 73.65
Export Custom Ex. Rate USD/ INR: 71.95
