Melamine (Standard) Weekly Report 30 Dec 2017

Weekly Price Trend: 25-12-2017 to 29-12-2017

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 increased and at the end of the week were assessed at the level of Rs. 111/Kg for Ahmedabad and Rs. 110/Kg for Mumbai port. 

he 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. 110/Kg for Ahmedabad and Rs. 109/Kg for Mumbai port.

Booking Scenario

INDIA & INTERNATIONAL

• This week in domestic market prices of Melamine standard and commercial quality have increased and at the end of this week price were assessed at the level of Rs. 111/Kg for Ahmedabad and Rs.110/kg for Mumbai ports and commercial quality were evaluated at Rs. 110/kg for Ahmedabad and Rs.109/kg for Mumbai.
• This week International Melamine standard and commercial prices have increased in compare to previous week.
• US melamine prices are anticipated to go up in the first quarter of 2018 on tight global supply and steady demand in most major consuming sector.
• As per report in china material is not available in ample amount and some plants also have been shut for maintenance which has resulted in increase in prices.
• Global melamine market shifts on Chinese environmental inspections.
• In Iran material is available but tender process is going on which will reveal the offer prices after 2nd January.
• This week crude oil prices have remained fluctuating. As 2017 draws to a close, On Thursday oil prices increased on lifted by strong data from top importer China and on increased U.S. refining activity that drew more crude from inventories. Recently,  thin trading activity ahead of the New Year weekend.
• As per report, market condition has been tight due to ongoing supply cuts led by OPEC, as well as top producer Russia.
• On Thursday, closing crude values have increased. WTI on NYME closed at $59.84/bbl; prices have increased by $0.20/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.28/bbl in compared to last trading and was assessed around $66.72/bbl.

 $1 = Rs. 63.87
 Import Custom Ex. Rate USD/ INR: 64.90
 Export Custom Ex. Rate USD/ INR: 63.20