29 June 2011 03:45 [Source: ICIS news]
SINGAPORE (ICIS)--Qinghai Zhonghao Natural Gas Chemical may restart its 300,000 tonne/year methanol line at Ge’ermu city in northwestern China at the beginning of July, a company source said on Wednesday.
The line was shut at the end of May for maintenance.
The facility has a total capacity of 420,000 tonnes/year, comprising a 120,000 tonne/year line and a 300,000 tonne/year line.
The smaller line is operating at full capacity, the source said.
East China cargoes were traded at CNY2,730-2,830/tonne ($422-437/tonne) ex-tank, unchanged from Monday. Cargoes in south China were traded at CNY2,800-2,830/tonne ex-tank, a slight increase of CNY10/tonne from Monday. Both assessments are according to ICIS data.
Other methanol producers in China include China National Offshore Oil Corp (CNOOC) and Boyuan United Chemical.
($1 = CNY6.47)
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