April 24 News – On April 24, Shanxi Fengxi raised the latest ex-factory quotation for melamine to 6,400 CNY/ton, down 300 CNY/ton from the previous quotation. The plant has a production capacity of 140,000 tons and a daily output of 350 tons. Chempricehub assesses melamine with a bullish-bearish score of -1. Shanxi Fengxi's ex-factory melamine quotation has dropped to 6,400 CNY/ton, a decline of 300 CNY/ton from the previous day, representing a decrease of approximately 4.48%. The plant's capacity of 140,000 tons and daily output of 350 tons indicate stable supply but significant downward price pressure, reflecting a potential oversupply or weak demand in the market. This change has a generally bearish impact on spot prices, and the short-term spot market is expected to continue facing pressure, with prices potentially weakening further.