Melamine (Standard) Weekly Report 06 May 2017

Weekly Price Trend: 01-05-2017 to 05-05-2017

          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. 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 plunged 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 plunged 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. 94/kg for Ahmedabad and Rs.92/kg for Mumbai.
• This week International Melamine standard and commercial prices have plunged.
• This week In China market melamine prices have plunged as demand has been dampened.
• In Iran market demand sentiments also has been bearish and material is available in ample quantity.
• US Q2 melamine demand below normal levels, the price rollovers were for both domestic and imported melamine, as per report.
• Europe melamine demand strong at yearly high.
• As per news, the Cabinet has given its ex-post facto approval to the signing of Memorandum of Understanding (MoU) with Malaysia on development of a urea and ammonia manufacturing plant in Malaysia with off take to India and/or off take of existing surplus urea from Malaysia to India.
• Market players have said that GST will open new era for those plywood makers who are working as organized manufacturers. Reputed mid segment plywood producers looking for better order flow in marine ply grade future to increase supply of genuine ply grade. Which they expect will help them in market after GST.
• As the plywood sector will improve demand fro melamine also will take an positive move.

$1 = Rs. 64.37
Import Custom Ex. Rate USD/ INR: 65.10
Export Custom Ex. Rate USD/ INR: 63.40