26 September 2012 14:20 [Source: ICIS news]
LONDON (ICIS)--Romania-based Azomures is running melamine production at its plant in Targu Mures at full operating rates and plans to do so for the rest of the year, a source at the fertilizer producer said on Wednesday.
"We expect the melamine plant to run at full capacity from now, at least until the end of the year," the source said.
The 18,000 tonne/year melamine plant restarted in early September, having been out of action since December 2011 when production was stopped because of poor buying interest on the back of weakened macroeconomic conditions.
Demand for melamine remains lacklustre, but supply shortages have resulted in a tight market and a call for price increases from the third to the fourth quarter.
Third-quarter melamine contracts settled at €1,080-1,150/tonne ($1,403-1,494/tonne) free delivered (FD) northwest Europe (NWE).
Additional reporting by Helena Strathearn
($1 = €0.77)
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