23 June 2010 18:34 [Source: ICIS news]
Officials at Millennium and LyondellBasell did not immediately respond to calls regarding the status of the plant in LaPorte, Texas.
Earlier this month, the company put the unit on allocation due to what traders said were production problems.
Market sources said then that, because most of the methanol produced at the 600,000 tonne/year plant is used internally by Millennium, it should not affect methanol prices.
US Gulf methanol spot prices have jumped more than 30% in the past month since the early May shutdown of the 1.7m tonne/year Atlas methanol plant in Trinidad.
Majority owner Methanex said last week the plant restart was underway.
The June US methanol contract barge range was assessed by ICIS pricing at 105-107 cents/gal, up from 99-100 cents/gal for May.
($1 = €0.81)
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