Japan’s Mitsui Chemicals to extend turnaround for melamine plant

17 October 2012 09:29  [Source: ICIS news]

SINGAPORE (ICIS)--Japan’s Mitsui Chemicals may lengthen the shutdown period for its 40,000 tonne/year melamine plant in Osaka if market conditions do not improve, a company source said on Wednesday.

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) Asia on 10 October, ICIS data showed.


By: Samuel Wong



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