China's Yankuang Yulin cuts methanol output on technical fault

15 April 2010 04:22  [Source: ICIS news]

SINGAPORE (ICIS news)--China's Yankuang Yulin cut operating rates at its 600,000 tonne/year coal-based methanol plant in Shanxi province by half last week due to technical problems, a company source said on Thursday.

It was not known when the problem could be fixed, the source said.

Methanol prices in China were at CNY 2,280-2,540/tonne ($334-372/tonne) ex-tank in the east, and CNY 2,330-2,360/tonne ex-tank, in the south last week, down CNY120-150/tonne from a week earlier, according to global chemical market intelligence service, ICIS pricing.

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
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