25 November 2008 03:35 [Source: ICIS news]
SINGAPORE (ICIS news)--Dutch producer DSM Melamine has decided to temporarily shut its 30,000tonne/year melamine plant in Geleen, The Netherlands to adjust inventories and output to lower demand in the fourth quarter, the company said in a statement late Monday.
“The shutdown period will last for approximately six weeks up until the end of December 2008,” said DSM
DSM has another melamine plant in Geleen with a 120,000 tonne/year capacity.
The shutdown comes after its joint venture in ?xml:namespace>
The shut down comes after global melamine producers met with lacklustre demand, prompting a fall in melamine prices.
Market players expect more shutdowns or operating rate adjustments in the coming quarters as the market tries to cope with mounting surplus of melamine.
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