December 30th News
On December 30th, Anhui Jinhe Melamine's ex-factory quotation was 5,600 yuan/ton, a decrease of 50 yuan/ton compared to the previous quotation date. The plant has a capacity of 60,000 tons and currently produces approximately 180 tons per day.
Chempricehub Analysis on Melamine:
Bull-Bear Score: -1
Anhui Jinhe Melamine's ex-factory quotation decreased by 50 yuan/ton to 5,600 yuan/ton, indicating ample market supply or weak demand. With a plant capacity of 60,000 tons and current daily production of around 180 tons, the facility is operating near full capacity. However, the price decline highlights the risk of oversupply, which is expected to exert downward pressure on spot prices in the short term, presenting a bearish outlook.