March 12th News — On March 12th, Sichuan Meifeng's melamine ex-factory price was quoted at 5,950 yuan/ton, an increase of 200 yuan/ton compared to the previous quotation date. The plant has a capacity of 50,000 tons and is currently shut down. Chempricehub's analysis of melamine shows a bullish-bearish score of 2. The shutdown of Sichuan Meifeng's melamine plant has led to a reduction in supply (capacity of 50,000 tons), with the ex-factory price rising by 200 yuan/ton to 5,950 yuan/ton, indicating tight supply in the spot market and likely pushing prices higher in the short term. The plant shutdown directly reduces market supply, and coupled with the significant price increase, suggests relatively strong demand or low inventory, which constitutes a significant positive factor for spot prices.