China's Shanghai Coking runs methanol plant at 70-80%

28 May 2010 11:07  [Source: ICIS news]

SINGAPORE (ICIS news)--Shanghai Coking & Chemical was running its coal-based methanol plants at an average of 70-80% capacity after a turnaround of its 450,000 tonnes/year plant in Wujing this month, a company source said on Friday.

The unit was shut for two weeks for a turnaround in early May.

The company’s other methanol plant of 350,000 tonnes/year capacity in the same area had been running normally during the shutdown of the other unit, the source said.

Chinese methanol prices were heard around $230-240/tonne (€186-194/tonne) CFR (cost and freight) China this week, down $15-20/tonne from the week before, 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= €0.81)

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By: Heng Hui
+65 6780 4359



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