Europe melamine producers to announce Q2 price targets next week

19 March 2014 21:10 Source:ICIS News

LONDON (ICIS)--European melamine producers said on Wednesday they intend to aim for price hikes in the second quarter on expectations of improved demand, including decent export opportunities, and on cost recovery.

The second quarter is typically the healthiest demand quarter in the melamine market as offtake from the end-use construction sector tends to reach its peak in the spring and summer months.

Prices decreased through 2013, squeezing production margins, which producers are keen to recover.

Clearer pricing ideas will emerge next week, with double-digit price hikes likely to be targeted.

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By Helena Strathearn