Yankuang Guohong methanol unit to delay restart

05 November 2008 02:54  [Source: ICIS news]

SINGAPORE (ICIS news)—China’s Yankuang Guohong Coal Chemical Co will postpone the restart of its 500,000 tonne/year methanol unit due to poor market conditions, said a company source on Wednesday.

 

The plant in Shandong province was shut on 1 July due to poor market economics. He added that no dates for start-up had yet been determined as the current methanol prices had gone below the cost of production and freight.

 

Chinese methanol was at $220-255/tonne CFR (cost and freight) China last Friday, down $15-35/tonne according to global chemical market intelligence service ICIS pricing.

 

Another methanol plant in the Yankuang group will also shut for maintenance mid November as scheduled. 

  

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

 

For more on methanol visit ICIS chemical intelligence

 

Please visit the complete ICIS plants and projects database  

 

To discuss issues facing the chemical industry go to ICIS connect

By: Heng Hui
+65 6780 4359

< previous article(ICIS Chemical Business podcast November 2, 2009)

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