China’s Yanzhou Coal Mining shuts Yulin methanol unit

12 June 2012 10:13  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Yanzhou Coal Mining has shut its 600,000 tonne/year methanol unit at Yulin in Shaanxi for normal maintenance, a company official said on Tuesday.

The company will shut the plant for 20 days or a month, the source added.

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

Methanol spot prices in Shaanxi were at yuan (CNY) 2,180-2,350/tonne ($343-369/tonne) on 12 June, compared with CNY2,250-2,400/tonne on 11 June, according to Chemease, an ICIS service in China.

Yanzhou Coal Mining is a Shanghai-listed company owned by Yankuang Group.

($1 = CNY6.36)

By: Mindy Liu

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