Yankuang Guohong expects normal ops by mid-Sep

01 September 2008 04:32  [Source: ICIS news]

SINGAPORE (ICIS news)--Yankuang Guohong Coal Chemical Co will resume normal operating rates at its 500,000 tonne/year methanol unit in China by mid-September , said a company source late on Friday.

 

The plant, in Shandong province, had been running at reduced rates of 50% since 1 July on previously reported technical difficulties.

 

The estimated loss of production amounts to about 800 tonnes/day, said the source.

 

Chinese domestic prices on Friday close, were reported at Yuan (CNY) 3,550-3,630/tonne ex-tank in east China, while south China molecules were traded at CNY3,650-3,700/tonne ex-tank, according to global chemical intelligence service ICIS pricing.

 

Other methanol producers in China include CNOOC, Kingboard Chemical Limited and Yanzhou Coal Industry and Yulin Energy Ltd.

 

 ($1=CNY6.85)

 

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By: Heng Hui
+65 6780 4359

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