Melamine (Standard) Weekly Report 01 Sep 2018

Weekly Price Trend: 27-08-2018 to 31-08-2018

• 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. 119/Kg for Ahmedabad and Rs. 118/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. 118/Kg for Ahmedabad and Rs. 117/Kg for Mumbai port.

Booking Scenario

INDIA & INTERNATIONAL     1220

• This week in domestic market prices of Melamine standard and commercial quality prices have increased and at the end of this week price were assessed at the level of Rs. 119/Kg for Ahmedabad and Rs.118/kg for Mumbai ports and commercial quality were evaluated at Rs. 118/kg for Ahmedabad and Rs.117/kg for Mumbai.
• This week International Melamine standard and commercial prices have increased in compare to previous week.
• This week in domestic market Melamine prices have increased on account of bullish demand sentiments from end users.
• GSFC has shut its Melamine plant on account of some technical resulted in shortage of supply due to this prices have increased. As per report, plant restart date is not confirmed yet.
• As per report, Discussion for US Q4 melamine supplies will start next week.
• Import prices of Melamine from China have been escalated on bullish escalation from industry users.
• Some market players have said that in near term demand for Melamine will be higher from downstream users.

 $1 = Rs. 70.99
 Import Custom Ex. Rate USD/ INR: 71.10
 Export Custom Ex. Rate USD/ INR: 69.40