01 November 2012 14:56 [Source: ICIS news]
LONDON (ICIS)--Qatari fertilizer company Qafco will begin a maintenance turnaround at its 60,000 tonne/year melamine plant in November, a source at the company said on Thursday.
“Our melamine plant will have a full shut down from 8 November to 3 December,” a source from the company confirmed.
It remains to be seen whether the outage will impact the market, as demand is steady-to-soft. However, tight supply and severely reduced inventories drove fourth-quarter European melamine contract prices up by €200/tonne ($260/tonne) from the previous quarter.
Prices were assessed at €1,280-1,350/tonne FD (free delivered) NWE (northwest Europe).
Qafco is located in Mesaieed Industrial City, near Doha, on the eastern coast of the Qatar peninsula.
Melamine is combined with formaldehyde to produce melamine formaldehyde resin. End-products include counter tops, dry erase boards, fabrics, glues, houseware, guitar saddles, guitar nuts and flame retardants.
($1 = €0.77)
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