On January 5th, the ex-factory price of melamine from Sichuan Meifeng was quoted at 5,350 yuan/ton, a decrease of 50 yuan/ton compared to the previous quoted price. The plant has a capacity of 50,000 tons and is currently shut down. PriceSeek analysis of melamine: Bull-Bear Score: -1. The ex-factory price of melamine from Sichuan Meifeng dropped by 50 yuan/ton to 5,350 yuan/ton. Although the shutdown reduces supply, the price decline directly reflects weak market demand or inventory pressure, exerting a generally bearish pressure on spot prices in the short term.