24 June 2011 10:03 [Source: ICIS news]
Plant operations were halted in the second week of June as supply of feedstock natural gas was disrupted because of maintenance at some gas fields in
“We have deferred our Korean and
Meanwhile, PETRONAS’ 660,000 tonne/year No 1 methanol plant at the same site in Labuan, Sabah, in eastern
The shutdown of PETRONAS’ megaplant has significantly reduced spot methanol supply in the region as it coincided with an outage of Brunei Methanol’s 850,000 tonne/year plant, market sources said.
Some buyers told ICIS they were willing to buy at $370/tonne (€259/tonne) CFR (cost and freight)
PCM, previously known as Malaysian International Trading Corporation Sdn Bhd (MITCO), is the marketing, trading and procurement arm of PETRONAS, the national petroleum corporation of
Other regional methanol producers include
($1 = €0.70)
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