As the European melamine market gears itself up for the second-quarter contract negotiations, listen to Markets Reporter Melissa Hurley interview melamine editor Katherine Sweeney on the current expectations in the market.
At the start of negotiations the melamine market is split with producers targeting increases and buyers expecting stable to soft price settlements. Since the end of September 2015 the supply balance has been at the forefront of market players minds, following a series of planned and unplanned production outages. However, many of these have now eased and as supply has loosened buyers now see no further justification for increases. With demand at a reasonable level and some lingering snugness in the balanced-to-snug market, producers are currently standing firm. Talks are expected to go on until mid-April, with it set to be a battle between both sides of the market before a consensus is reached.
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