27 October 2011 17:56 [Source: ICIS news]
HOUSTON (ICIS)--US melamine prices for fourth-quarter contracts decreased 4% from the prior quarter, according an assessment on Thursday.
Fourth-quarter melamine contract prices were assessed in a range of 90-103 cents/lb ($1,984-2,271/tonne, €1,428-1,635) DEL, a decrease of 4 cents/lb from the third quarter, according to ICIS.
Demand for melamine has continued to soften in 2011 as the use of the product for laminated and composite wood products has suffered from a depressed construction industry, buyers said.
Automobile manufacturing has been one of the few bright spots for the melamine trade in 2011 as increased auto and truck production boosted the demand for melamine resins used for coating materials and parts fabrication.Melamine producers in the Western Hemisphere include Cornerstone Chemical and Methanol Holdings Trinidad Limited.
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