April 27 News – On April 27, Hualu Hengsheng lowered its ex-factory quotation for melamine to 6,300 RMB/ton, a decrease of 700 RMB/ton compared to the previous quotation. According to Chempricehub’s assessment, the bullish-bearish score for melamine stands at -1.5. The price adjustment by Hualu Hengsheng suggests either an oversupply or weak demand, exerting a strong bearish impact on spot prices. The significant price drop of approximately 10% reflects heightened bearish sentiment in the market, which may prompt downstream buyers to adopt a wait-and-see approach or negotiate for lower prices, further restraining short-term spot price trends.