11 January 2010 03:27 [Source: ICIS news]
SINGAPORE (ICIS news)--Henan Longyu is currently running its 500,000 tonne/year coal-based methanol plant in central China at 50-70% operating rate after it was restarted in the middle of December, a company source said on Monday.
The plant suffered a technical fault in late September and has been offline ever since, he said.
Market sources said that the decision to restart could be linked to the rise in methanol prices, though the company would not comment on this.
Methanol prices were assessed at $310-320/tonne (€214-221/tonne) CFR China last week, up $10/tonne from before the holidays, according to global chemical market intelligence service ICIS pricing.
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