02 February 2010 03:11 [Source: ICIS news]
SINGAPORE (ICIS news)--Shanxi Xianyang plans to stop production at its 600,000 tonnes/year coal-based methanol unit in Shanxi, northwest China, later this month for optimisation of the plant, a company source said on Tuesday.
The actual date had not been decided yet but the shut down would take place in February, the source said.
Some market observers said they believed the decision to shut might have been influenced by the slow trading season during the Chinese New Year holidays in February, but the source did not confirm this.
The company started the plant in October last year and was testing the facility for production of on-spec material.
Other methanol producers in China include China National Offshore Oil Corp (CNOOC) and Boyuan United Chemical.
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