Melamine holds elevated ground after recent surge
Melamine has entered a steadier phase after a pronounced rise earlier in the quarter, with prices now holding firm near recent highs. The latest assessment placed Melamine at Rs 90/kg on 23 December, unchanged from the prior week. Indian Melamine prices have therefore remained elevated, with the flat weekly print signalling consolidation rather than reversal after the earlier climb.
Shorter-term comparisons remain positive. On a fortnight basis, prices are Rs 12/kg higher than the Rs 78/kg level seen two weeks earlier, while the month view reflects the same Rs 12/kg increase from late November. The three-month comparison underlines the broader strength, showing Melamine Rs 10/kg above the Rs 80/kg level that prevailed earlier in the quarter. Despite this strong run, recent sessions have been marked by limited daily movement, indicating that volatility has eased after the advance.
Recent trading boundaries provide further context. Over the past three months, prices have ranged between a low near Rs 77/kg and a high around Rs 90/kg. The current assessment sits at the top of that band, while longer comparisons remain supportive. Over six months, Melamine is Rs 6/kg higher than Rs 84/kg, and on a year-on-year basis it is Rs 2/kg firmer than Rs 88/kg in December 2024. Indian Melamine prices continue to reflect this elevated structure, with Melamine prices in India framed by support at Rs 77/kg and resistance near Rs 90/kg, Melamine, Chemical Market, Commodity Update, Resin Industry, Plastics Industry, Price Trend, Market Surge, Chemical Prices, Materials Market.
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