Melamine (Standard) Weekly Report 14 July 2018

Weekly Price Trend: 09-07-2018 to 13-07-2018

• 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 remained firm this week and at the end of the week were assessed at the level of Rs. 117/Kg for Ahmedabad and Rs. 115/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. 114/Kg for Ahmedabad and Rs. 112/Kg for Mumbai port.

Booking Scenario

INDIA & INTERNATIONAL

• This week in domestic market prices of Melamine standard have remained firm while commercial quality prices have plunged and at the end of this week price were assessed at the level of Rs. 117/Kg for Ahmedabad and Rs.115/kg for Mumbai ports and commercial quality were evaluated at Rs. 114/kg for Ahmedabad and Rs.112/kg for Mumbai.
• This week International Melamine standard and commercial prices have plunged in compare to previous week.
• Melamine prices have plunged in China market sharply as material is available in good quantity while demand has been bearish from downstream players.
• In Iran melamine market is moving with soft velocity as no major deals and discussion has been heard.
• Melamine Offers by producers have already been decreased to stimulate demand, but prospects of a near-term recovery are wiry.
• US Q3 melamine contracts settle at increase.

 $1 = Rs. 68.52
 Import Custom Ex. Rate USD/ INR: 69.70
 Export Custom Ex. Rate USD/ INR: 68.00