Japan’s Mitsui Chemicals Osaka melamine unit shut indefinitely

14 November 2012 03:21  [Source: ICIS news]

SINGAPORE (ICIS)--Mitsui Chemicals’ 40,000 tonne/year melamine plant in Osaka, Japan has remained shut with no firm restart date, a company source said on Wednesday.

The melamine unit was taken off line in end-September for annual maintenance, which has been completed, the source said.

“The company plans to restart the unit when market price returns to healthy levels,” the source said.

The Japanese producer currently has “low” stock levels, and has limited availability for the spot market, according to the source.

Prices of melamine were at $1,400-1,450/tonne (€1,106-1,146/tonne) CFR (cost and freight) NE (northeast) Asia and $1,350-1,500/tonne CFR SE (southeast) Asia on 7 November, ICIS data showed.

($1 = €0.79)

By: Samuel Wong

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