01 November 2012 15:46 [Source: ICIS news]
LONDON (ICIS)--Romanian fertilizer producer Azomures plans to run its 18,000 tonne/year melamine plant in Targu Mures at full rates within the next few months, a source at the company said on Thursday.
“In October 2012, we produced 1,851 tonnes of melamine and our plan is to go at full capacity in the next few months,” a source from the company said.
Azomures restarted its melamine plant 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.
Despite lacklustre demand, fourth-quarter European melamine contract prices increased by €200/tonne ($260/tonne) from the previous quarter, on the back of tight supply and extremely low inventories. Prices were assessed at €1,280-1,350/tonne FD (free delivered) NWE (northwest Europe).
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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