Henan Zhongyuan delays methanol unit restart

05 November 2008 03:47  [Source: ICIS news]

SINGAPORE (ICIS news)--China’s Henan Zhongyuan Dahua has delayed restarting its 500,000 tonne/year methanol unit to an indefinite date due to poor economics, a company source said on Wednesday.

 

The unit, located in Henan province, currently remained shut after an unscheduled plant outage in end August, the source said. It was originally scheduled to restart by the end of October.

 

Chinese methanol prices were assessed at $220-255/tonne CFR (cost and freight) China last Friday, down $15-35/tonne from a week ago, according to global chemical intelligence service ICIS pricing.

 

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

 

($1 = CNY6.85)

 

For more on methanol visit ICIS chemical intelligence 

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By: Heng Hui
+65 6780 4359

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