April 24 News Update – On April 24, Hualu Hengsheng's ex-factory quotation for melamine was 7,000 RMB per ton, down 2,000 RMB per ton from the previous quotation. According to Chempricehub’s assessment of melamine, the bullish/bearish sentiment score is -2. The ex-factory price of Hualu Hengsheng has dropped by 2,000 RMB per ton, from 9,000 RMB to 7,000 RMB per ton, a decrease of 22.2%. This reflects an oversupply in the market or a sharp contraction in downstream demand. Such a development will exert significant bearish pressure on spot prices, potentially leading to panic selling among traders and a heightened wait-and-see attitude among buyers, further depressing market transaction prices.