Sanming shuts Fujian melamine for turnaround
24 November 2008 06:34 [Source: ICIS news]
SINGAPORE (ICIS news)--China-based Sanming Chemical shut down its 16,000 tonne/year melamine plant in southeastern Fujian province in mid-November for a week-long turnaround, a source close to the company said on Monday.
"We may decide to extend the turnaround period depending on market conditions," the source said, citing prevailing poor demand.
"We are unsure [of] the market condition improving and will have to watch the market in weeks to come before we make a decision," the source added.
Chinese melamine prices fell 25% to $1,150-1,270/tonne FOB (free on board) China, from $1,550-1,650/tonne in end-October, squeezing profit margins for producers.
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By: Leon Toh
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