04 August 2008 09:48 [Source: ICIS news]
Due to a shortage of synthetic gas feedstock from a new ammonia plant, the existing methanol production was limited to around 700 tonnes/day, while the company had the capacity to produce nearly 900 tonnes/day, the source added late on Friday.
This gas shortage was expected to be resolved around 4-5 August, he said, adding that the plant would be able to produce around 825 tonnes/day after that.
Indian methanol prices were pegged at $360-370/tonne CFR (cost and freight) west coast India (WC India) last Friday, according to global chemical market intelligence service ICIS pricing.
Domestic methanol was at rupees (Rs) 18.25-18.75/kg ($0.43-0.44/kg) ex-tank, down approximately Rs0.75/kg from the week before.
Other methanol producers in India include Deepak Fertilizers and Rashtriya Chemicals and Fertilizers (RCF).
($1 = Rs42.27)Please visit the complete ICIS plants and projects database
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