On January 16, the latest ex-factory price of melamine from Shanxi Fengxi was 5,400 yuan/ton, a decrease of 50 yuan/ton compared to the previous quoted price. The plant has a production capacity of 140,000 tons and a daily output of 350 tons. PriceSeek analysis of melamine: Bull-Bear Score: -1. The ex-factory price of melamine from Shanxi Fengxi decreased by 50 yuan/ton to 5,400 yuan/ton, indicating ample market supply or weak demand. With a production capacity of 140,000 tons and a daily output of 350 tons, the plant demonstrates stable production. However, the price decline reflects increasing pressure in the spot market, possibly due to weakening downstream demand or inventory accumulation. This change generally exerts a bearish impact on spot prices, and it is recommended to monitor subsequent supply and demand dynamics.