On January 5th, the ex-factory quotation for melamine from Henan Jinkong Tianqing was 5,350 yuan/ton, a decrease of 50 yuan/ton compared to the previous quotation date. PriceSeek's analysis of melamine indicates a bearish score of -1. The ex-factory quotation from Henan Jinkong Tianqing dropped by 50 yuan/ton to 5,350 yuan/ton, suggesting weak market demand or increased supply, leading to downward pressure on spot prices. Although the decline is not drastic, it reflects a short-term weakness in fundamentals, exerting a generally bearish impact on spot prices. It is advisable to monitor subsequent changes in supply and demand.