Melamine (Standard) Weekly Report 22 Sep 2018

Weekly Price Trend: 17-09-2018 to 21-09-2018

• 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 remained firm this week and at the end of the week were assessed at the level of Rs. 121/Kg for Ahmedabad and Rs. 120/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 remained firm in compare to previous week and at the end of the week were assessed at the level of Rs. 120/Kg for Ahmedabad and Rs. 119/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 prices have remained firm while Commercial prices have increased in compare to previous week.
• This week Melamine Commercial prices have escalated as in China material is available in lesser quantity while demand is good from end users and on account of upcoming holiday in China stipulation has been bullish.
• Domestic Melamine prices have been higher as GNFC has restarted its plant but still it is not fully operational while demand is bullish from end users.
• US to impose tariffs on $200bn worth of Chinese imports.
• US Q4 melamine negotiations have been firm, but most talks are just getting underway.
• South Korea’s August melamine imports fall 12.7% on month.
• Total imported quantity of Melamine for the month of August was around 4204MT.

 $1 = Rs. 72.19
 Import Custom Ex. Rate USD/ INR: 73.65
 Export Custom Ex. Rate USD/ INR: 71.95