Hebei Jiantao delays restart of methanol unit to March

02 February 2010 03:49  [Source: ICIS news]

SINGAPORE (ICIS news)--Hebei Jiantao has delayed the restart of one of methanol lines at its 200,000 tonne/year plant in Hebei province to March, a company source said on Tuesday.

The line was shutdown on 5 January for a week but the restart was delayed, the source said but did not give any reason.

Market sources close to the company said this might be due to poor sales during the Chinese New Year holidays that will start from mid-February.

The company's second 100,000 tonne/year line continues to run normally providing methanol to downstream acetic acid plant.

Domestic prices in China were pegged down yuan (CNY) 20-40/tonne at CNY 2,660-2,810/tonne ($389-411/tonne) ex-tank in the east and CNY2,750-2,800/tonne ex-tank in the south last week.

Other methanol producers in China include China National Offshore Oil Corp   (CNOOC) and Boyuan United Chemical.

($1=CNY6.83)

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By: Heng Hui
+65 6780 4359



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