On January 7, the latest ex-factory price of melamine from Shanxi Fengxi was quoted at 5,400 yuan/ton, a decrease of 50 yuan/ton compared to the previous quotation date. The plant has a production capacity of 140,000 tons and a daily output of 350 tons. PriceSeek's analysis of melamine indicates a bearish score of -1. The article shows that the ex-factory price of melamine has dropped by 50 yuan/ton to 5,400 yuan/ton, suggesting increased supply pressure or weak demand in the spot market, which exerts a bearish impact on prices. Although the price reduction is moderate, the risk of sustained price declines may intensify market pessimism, putting short-term spot prices under downward pressure.