16 March 2011 02:39 [Source: ICIS news]
NAGOYA (ICIS)--Japanese producer Mitsui Chemicals’ urea and melamine plants at Takaishi in Osaka prefecture are running at normal rates, unaffected by the massive earthquake and tsunami that hit the country on Friday, a company source said late on Tuesday.
The 480,000 tonne/year urea unit and the 42,000 tonne/year melamine unit are located in the western region of Japan and were not directly affected by the earthquake.
Cargoes loading from Osaka will likely leave the port on a timely basis, the source said, but products scheduled to be shipped from ports on the east coast are likely to suffer delays.
The earthquake is not expected to have a significant impact on melamine prices, although demand from some of the factories located in the devastated areas could decrease over coming weeks, leading to a slight surplus of material. This might result in a softening of price levels, although this was still uncertain, the source added.
Melamine spot prices are currently assessed at $1,680-1,730/tonne (€1,193-1,228/tonne) CFR (cost & freight) northeast Asia.
($1 = €0.71)
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