February 26th News
On February 26th, Henan Jinkong Tianqing's ex-factory quotation for melamine was 5,500 yuan per ton, a decrease of 50 yuan per ton compared to the previous quotation date.
Chempricehub's analysis of melamine:
Bull-Bear Score: -1
Henan Jinkong Tianqing's ex-factory quotation for melamine decreased by 50 yuan per ton to 5,500 yuan per ton, indicating weak spot market demand or oversupply, exerting downward pressure on prices. Although the decline is small, it clearly signals bearish sentiment, which may trigger market pessimism and affect the activity of spot transactions.