17 January 2012 06:25 [Source: ICIS news]
SINGAPORE (ICIS)--China's Chongqing Jianfeng shut its 30,000 tonne/year premium melamine plant at Fuling in Chongqing on 12 January, a company source said on Tuesday.
The company shut down the plant because there is a shortage of feedstock natural gas in winter, according to the source.
It has not decided when it will restart the plant, the source added.
China’s melamine prices in the domestic market will remain stable despite the weak downstream demand during the country’s Lunar New Year holiday on 22-28 January, although the shutdown will reduce premium melamine supply, an industry source said.
The current prices of regular and premium melamine in the domestic market remain stable at yuan (CNY) 7,800-8,000/tonne ($1,234-1,266/tonne) EXW (ex-works) and CNY8,400-8,500/tonne EXW, respectively.
($1 = CNY6.32)
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