Melamine
Company Updates: It is one of our vital service. Some of the major Indian company updates are provided on our website. GSFC is the major Melamine manufacturer in India. Once the information is received about price changes, at first it is confirmed and then immediate alerts in the form of SMS’s are directly sent to the subscribers.
Melamine being a powder product, it is imported at various ports, based on the need and availability. There is no single port or other transportation measures which can be handpicked to have maximum import.
For daily price, we follow the same procedure as mentioned above in the Daily pricing methodology.
For international prices our team regularly communicates with key participants in order to gain information about the international market
Here we ask the key participants to bid their prices. We make sure that all the entities submit the relevant documents to make the price assessment more relevant and appropriate.
By Friday noon the bidding window is closed. As mentioned earlier, along with the prices the participants submit the key documents in order to support their prices.
Our team analyse these prices on several factors. Here market dimensions are studied well. Company rationale, traders documents, current market scenario, last week’s assessed prices, order sizes, quantity details, traded quantity, ordered quantity, delivery information are some of the key factors taken into consideration.
Since Melamine prices and demand is affected by the urea prices, a close watch on Urea is also done as these are one of the key factors contributing to the price assessment.
Melamine is generally traded in two types of qualities which can be termed as Commercial and Standard Quality. Thus, two types of prices and the origin of the material is also given in the reports.
Since Melamine comes under chemicals which have Anti-Dumping Duty this is also a parameter for consideration of the prices.
Later a comparative analysis is carried out for all the prices. In the end, the price which is more suitable and prompt is decided. Inference of this analysis is published in our market report as international price.
This assessed information is then published in our weekly report.
For CFR India, cost and freight is included. For FOB the prices does not include the shipping charges.
FOB (Freight on Board) prices is generally taken or the material being imported from Korea.
