21 March 2012 02:41 [Source: ICIS news]
“Our margins are negative. The company will run the plant at a reduced rate and may extend the turnaround by another two weeks until August as demand is very weak,” the source added.
Construction activities have slowed amid weak global economic conditions and the delay in reconstruction works in Japan, following the earthquake and tsunami last year, has dampened buying sentiment, industry sources said.
Nissan Chemical Industries is planning to shut the unit at the end of June for maintenance. It was originally scheduled to be shut for a month until the end of July.
In the week ended 14 March, spot melamine prices were at $1,350-1,400/tonne (€1,026-1,064/tonne) CFR (cost & freight) northeast (NE)
Melamine adhesive resins are used in the manufacture of wood panels for the construction of kitchen and bathroom cabinets, and flooring.
($1 = €0.76)
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