13 January 2011 09:54 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Dalian Dahua has no immediate plans to restart its 300,000 tonne/year coal-based methanol unit in Dalian province, after it was taken off line unexpectedly on 10 November, a company source said on Thursday.
Market sources told ICIS the current low methanol prices may have caused Dalian Dahua to keep its plant shut for such a long period.
However, the company source declined to comment on the reason for the shutdown.
Chinese methanol values dropped from $370–400/tonne (€281–304/tonne) CFR (cost & freight) China from early November 2010 to a low of $320–340/tonne CFR China by end-December, before recovering to $340–350/tonne CFR China last Friday, ICIS data showed.
Other methanol producers in China include CNOOC Kingboard Chemical and Yanzhou Coal Yulin Energy & Chemicals.
($1 = €0.76)
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