April 29 News – On April 29, Holitech Technology (formerly Shandong United) quoted its ex-factory price for melamine at 6,200 RMB/ton, a decrease of 500 RMB/ton from the previous quotation. The plant has a production capacity of 70,000 tons. Chempricehub's assessment of melamine: bullish-bearish score of -2. Holitech Technology's ex-factory price for melamine dropped by 500 RMB/ton to 6,200 RMB/ton, representing a significant decline of approximately 7.5%, indicating severe oversupply or weak demand pressure in the spot market. The price adjustment by this plant with a 70,000-ton capacity may trigger a chain reaction in the regional market, exacerbating the downward price trend and exerting a substantial bearish impact on producer profitability. Close attention should be paid to subsequent supply-demand dynamics.