November 2nd report:
1. Mean Difference Change Table
| Mean Difference Indicator | Value as of 2026.11.01 | Value as of 2026.10.31 | Direction of Change |
|---|---|---|---|
| 5-Day Mean Difference (D5) | 24.6 | 11.2 | + |
| 10-Day Mean Difference (D10) | 9.8 | -2.7 | + |
| 20-Day Mean Difference (D20) | -7.3 | -4.1 | - |
The current combination of changes in the mean differences is (+, +, −), which constitutes a strong rebound (bullish, rebound‑type) signal.
3. Trend Direction Conclusion
The current trend in melamine prices in China is fluctuating. Reason: The changes in the three differences compared to the previous day are not entirely consistent, which does not meet the criteria for a clear upward or downward trend. Therefore, it is determined to be a fluctuating trend, with an overall signal that is slightly bullish, indicating a rebound.
4. Positional Space Reference
Melamine prices in China over the past year have been in the 2nd tier out of 5 (lower-middle, corresponding to the 20%-40% price percentile range), with limited room for decline and relatively ample room for increase.
Risk Warning
The above analysis is for reference only and does not constitute trading advice.
