05 November 2008 02:29 [Source: ICIS news]
SINGAPORE (ICIS news)—Chinese methanol producer Yankuang Lunan Co’s 150,000 tonne/year plant is scheduled to restart on 10 November as planned, said a company source on Wednesday.
The plant in northern Shandong province had been taken offline for maintenance since 22 October.
Methanol markets have been under downward pressure due to weak demand, trading in China at $220-255/tonne CFR (cost and freight) China last Friday, according to global chemical market intelligence service ICIS pricing.
Other methanol producers in China include CNOOC Kingboard Chemical Limited and Yanzhou Coal Industry Yulin Energy Ltd.
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