Melamine (Standard) Weekly Report 18 Feb 2017

Weekly Price Trend: 13-02-2017 to 17-02-2017

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 remained firm and at the end of the week were assessed at the level of Rs. 118/Kg for Ahmedabad and Rs. 116/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. 117/Kg for Ahmedabad and Rs. 115/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. 118/Kg for Ahmedabad and Rs.116/kg for Mumbai ports and commercial quality were evaluated at Rs. 117/kg for Ahmedabad and Rs.115/kg for Mumbai.
• This week International Melamine standard prices have remained firm while melamine commercial prices have increased.
• Recently melamine market is moving with bullish sentiments, demand sentiments has been growing.
• In Iran demand was growing as in china material availability has been lesser on account of this melamine prices have increased.
• In domestic market demand for melamine from end users taking positive move which has resulted in prices increased.
• As per market analyst it is anticipated that in near term melamine prices will go up as demand is growing sharply from end users.

$1 = Rs. 67.00
Import Custom Ex. Rate USD/ INR: 67.85
Export Custom Ex. Rate USD/ INR: 66.15