China's Boyuan United Chemical restarts methanol plant

28 May 2010 11:43  [Source: ICIS news]

SINGAPORE (ICIS news)--Boyuan United Chemical is in the process of restarting its coal-based methanol plant in north China totalling 1m tonnes/year, a company source said on Friday.

The plant was shut on 19 May for scheduled maintenance.

The company source said they had successfully restarted its 600,000 tonne/year line, and were now trying to restart its 400,000 tonne/year line.

Meanwhile, methanol prices were heard around $240/tonne (€194/tonne) CFR (cost and freight) China this week, up $10-15/tonne from the week before, due to full inventories, according to global chemical market intelligence service ICIS pricing.

Other methanol producers in China include China National Offshore Oil Corp (CNOOC) and Yanzhou Yulin.

($1 = €0.81)

Sam Liang from CBI contributed to this article

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By: Heng Hui
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