On April 29, Hualu Hengsheng's ex-factory price for melamine was reported at 6,000 RMB/ton, a decrease of 300 RMB/ton from the previous quotation. Chempricehub's assessment of melamine gives a bullish/bearish rating of -1. Hualu Hengsheng's melamine ex-factory price dropped from 6,300 RMB/ton to 6,000 RMB/ton, a single reduction of 300 RMB/ton, representing a decline of approximately 4.76%. This reflects increased pressure on the supply side, possibly due to capacity release, inventory accumulation, or weak downstream demand, exerting a significant bearish impact on spot prices. In the short term, it may trigger follow-up price cuts in the market, accelerating the downward price trend.