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.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections