07 October 2013 17:26 [Source: ICIS news]
BERLIN (ICIS)--Global melamine demand is going to continue to rise in 2014, and all eyes will be on Europe, particularly the south, to see how its demand progresses in the coming months, a producer said on Monday.
Speaking on the sidelines of the 47th annual European Petrochemical Association (EPCA) meeting in Berlin, the supplier said: “In North America, we’re going to see a slow continuing rise in demand. The automotive sector in the US has been unbelievable – very strong – we see that continuing.”
The source said it had already seen a slight uptick in European demand in the last few weeks, and estimated that consumption levels had improved by around 10%.
It added the market was coming from a low position, but said it was hopeful that it would see some improvement in 2014.
“All eyes will be on Europe, particularly southern Europe. [The demand outlook for] the UK and Germany at the moment seems good. We’re hopeful.”
The EPCA meeting runs from 5-9 October.
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