18 December 2013 12:31 [Source: ICIS news]
LONDON (ICIS)--European melamine spot prices have dropped by €10-20/tonne ($14-27/tonne), because of poor demand and subdued activity ahead of the holiday period, sources said on Wednesday.
The spot range is at €1,180-1,200/tonne FD (free delivered) NWE (northwest Europe).
December demand for melamine is typically slow as players are largely focussed on reducing inventories to lower working capital.
Melamine is combined with formaldehyde to produce melamine formaldehyde resin. End-products include countertops, dry-erase boards, fabrics, glues, housewares and flame retardants.
Follow Helena on Twitter
($1 = €0.73)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections