April 29 News – On April 29, Shandong Shuntian's ex-works price for melamine was quoted at 6,200 RMB/ton, a decrease of 800 RMB/ton from the previous quotation. Chempricehub's analysis of melamine: Bullish/Bearish Score: -2. The significant drop of 800 RMB/ton in the ex-works price to 6,200 RMB/ton indicates oversupply in the market or weak downstream demand, posing a major bearish factor for spot prices. The producer's proactive price reduction may reflect increased inventory pressure or sluggish end-user consumption, suggesting further downside risk in the short term. Based on the notable decline (approximately 11.4%) in the ex-works quotation, this change is classified as a major bearish event, and spot prices are expected to face downward pressure.