China’s Sichuan Lutianhua to restart methanol plant this weekend

05 April 2012 06:06  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Sichuan Lutianhua is planning to restart its 400,000 tonne/year methanol plant in Sichuan this weekend, a company source said on Thursday.

The plant was taken off line in October 2011 because of tight supply of feedstock natural gas, the source added.

Meanwhile, the company’s 45,000 tonne /year methanol line at the same site has remained shut since September 2009 for the same reason, the source added.

The methanol prices in southwest China are expected to fall on increased supply, the source said.

Methanol prices in southwest China were assessed at yuan (CNY) 2,700-2,900/tonne ($428-460/tonne) EXW (ex-works) on Thursday, down by CNY50/tonne compared with 27 March, according to Chemease, an ICIS service in China.

Methanol is used in the manufacture of formaldehyde, methyl tertiary butyl ether (MTBE), methyl chlorides, methyl methacrylate (MMA) and acetic acid.

($1 = CNY6.31)

By: Rachel Qian

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