07 October 2013 17:05 [Source: ICIS news]
BERLIN (ICIS)--Supply and demand in the European melamine market will be balanced in the fourth quarter, a producer told ICIS on Monday.
Speaking on the sidelines of the 47th annual European Petrochemical Association (EPCA) meeting in Berlin, the source added that it was too early to give any indication as to how the market would play out in the first quarter of 2014.
“Our position remains the same with regard to pricing in the fourth quarter – we are holding out for an increase. It will be some weeks though before we can talk about the first quarter. It is too early,” it said.
Some producers are aiming for price hikes in fourth-quarter melamine contracts. Third-quarter contract prices dropped on soft demand and competitive pricing in a well-supplied melamine market.
The EPCA meeting runs from 5-9 October.
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