April 15th News: On April 15th, Sichuan Yulong's melamine ex-factory price was quoted at 8,200 yuan/ton. Compared to the previous quotation date, the price has decreased by 1,500 yuan/ton. The plant has a capacity of 50,000 tons. Chempricehub's analysis of melamine indicates a bearish score of -2. Sichuan Yulong's melamine ex-factory price has dropped by 1,500 yuan/ton from the previous quotation date to 8,200 yuan/ton, a decline of 15.46%. With the plant's capacity of 50,000 tons, this suggests an oversupply in the market or weak demand, exerting significant downward pressure on the spot price of melamine. The price decline may be attributed to intensified industry competition or weakened downstream demand, and the spot market is expected to face downward pressure in the short term.
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