17 October 2012 09:29 [Source: ICIS news]
The melamine unit was taken off line in end-September for annual maintenance, which typically lasts for a month, the source said.
However, the Japanese producer is planning to extend the shutdown period, despite the completion of maintenance work, the source said. The plant’s restart date is highly dependent on the market outlook, the source added.
Demand for melamine remains weak, according to market players. They added that buyers are unwilling to accept firmer offers, despite producers saying prices for raw materials have increased and their margins are squeezed as a result.
Prices of melamine were at $1,350-1,400/tonne CFR (cost and freight) NE (northeast) Asia and $1,350-1,420/tonne CFR SE (southeast)
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