01 June 2012 09:57 [Source: ICIS news]
It was shut for 20 days from 19 May for an annual turnaround, the source said.
The plant has two natural gas-based lines and a third fuel oil-based line with a combined capacity of 900 tonnes/day.
GNFC is keeping the fuel oil-based line at the plant idle because of high feedstock costs, explaining lower operating rates, the source added.
Indian domestic methanol prices were assessed at Indian rupee (Rs) 27,500-28,000 ($492-500/tonne) ex-tank on Friday, marking an increase of Rs1,000/tonne from last week because of tight supply, according to ICIS data.
Methanol producers in
($1 = Rs55.94)
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