28 May 2010 12:17 [Source: ICIS news]
SINGAPORE (ICIS news)--Xinjiang Tuha Oilfield’s 240,000 tonne/year methanol unit in China's western province of Xinjiang is running at normal rates after being restarted on 6 May, a company source said on Friday.
The facility was suddenly shut down for maintenance in mid-April after operations previously had been halted from September 2009 to March 2010 due to a lack of natural gas in winter.
The company declined to disclose any specific current operating rates.
Industry players said this temporary closure was not expected to affect the market significantly, as many domestic producers were not operating at full rates for financial reasons.
Chinese methanol was heard at around $230-240/tonne (€186-194/tonne) CFR (cost and freight)
($1 = €0.81)
Sam Liang from CBI contributed to this article
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