January 5th News: On January 5th, Henan Jinkong Tianqing's ex-factory melamine quotation was 5,350 yuan/ton, a decrease of 50 yuan/ton compared to the previous quotation date. Chempricehub's analysis of melamine: Bull-Bear Score: -1. Henan Jinkong Tianqing's ex-factory quotation decreased by 50 yuan/ton to 5,350 yuan/ton, indicating weak market demand or increased supply, leading to downward pressure on spot prices. Although the decline is not drastic, it reflects a short-term weakness in fundamentals, exerting a generally bearish impact on spot prices. It is advisable to monitor subsequent changes in supply and demand.