Melamine (Standard) Weekly Report 23 Sep 2017

Weekly Price Trend: 18-09-2017 to 22-09-2017

           
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. 100/Kg for Ahmedabad and Rs. 98/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. 99/Kg for Ahmedabad and Rs. 97/Kg for Mumbai port.

Booking Scenario

INDIA & INTERNATIONAL

• This week in domestic market prices of Melamine standard and commercial quality have remained firm and at the end of this week price were assessed at the level of Rs. 100/Kg for Ahmedabad and Rs.98/kg for Mumbai ports and commercial quality were evaluated at Rs. 99/kg for Ahmedabad and Rs.97/kg for Mumbai.
• This week International Melamine standard and commercial prices have increased by USD 50/mt and USD 150/mt respectively.
• Presently in Iran 300mt tender is running on 25th sep it will close then it is anticipated that melamine market will go up.
• In China demand for melamine has been growing with a swift velocity.
• As per report, on the back of environment control policy around 1000 factory will go off stream which will create the situation of shortage of material.
• In near term it is anticipated that china melamine prices will go up as demand will be higher and material availability will be limited.
• Some market players have been positive for upcoming demand outlook.
• Early US Q4 melamine contracts agreed at rollovers.
• China’s Shandong Shuntian restarts two melamine units.
• Total imported quantity of Melamine for the month of August, 2017 were around 2526mt

 $1 = Rs. 64.79
 Import Custom Ex. Rate USD/ INR: 65.40
 Export Custom Ex. Rate USD/ INR: 63.70