China’s Huadian Yutianhua cuts methanol unit run rate to 65%

19 December 2011 08:09  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Huadian Yulin Natural Gas Chemical (Huadian Yutianhua) has further reduced production at its 610,000 tonne/year methanol in Shaanxi province from 17 December, a company official said on Monday.

The plant’s operating rate was cut to 65% from 80% because of a shortage of feedstock natural gas, the sourced added.

Availability of natural gas is usually tight during the winter season as most of the supply is allocated to residential areas for heating purposes.

“Perhaps the company will further reduce its methanol supply owing to the shortage of natural gas supply,” the source added.

The reduction in methanol supply in the domestic market is not expected to significantly affect the domestic market because of  flagging demand, a market player said.

Huadian Yulin Natural Gas Chemical is a holding company owned by China Huadian Corp, which is engaged in power generation.

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By: Mindy Liu



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