Melamine (Standard) Weekly Report 25 March 2017

Weekly Price Trend: 20-03-2017 to 24-03-2017

          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. 122/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 plunged in compare to previous week and at the end of the week were assessed at the level of Rs. 121/Kg for Ahmedabad and Rs. 119/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. 122/Kg for Ahmedabad and Rs.120/kg for Mumbai ports and commercial quality were evaluated at Rs. 121/kg for Ahmedabad and Rs.119/kg for Mumbai.
• This week International Melamine standard and commercial prices have remained firm.
• This week International melamine prices have remained firm no major deals and discussion has been heard from end users.
• In Iran market on account of holiday market has remained shut no buying and sell has taken place.
• As per news European melamine players are starting to look towards second-quarter contract.
• As per market players downstream buying activities are expected to remain subdued until the market picks up again.
• Mitsui Chemicals to shut Osaka melamine plant for turnaround in April.
• Total imported quantity of melamine for the month of February was around 4677mt.

$1 = Rs. 65.41
Import Custom Ex. Rate USD/ INR: 66.20
Export Custom Ex. Rate USD/ INR: 64.50