China’s Xinneng Fenghuang to restart methanol unit on 30 June

20 June 2012 10:05  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Shandong Xinneng Fenghuang Energy will restart its 360,000 tonne/year No 1 coal-based methanol plant in Shandong province on 30 June after shutting it on 18 June for maintenance, a company source said on Wednesday.

The company’s 360,000 tonne/year No 2 plant has been shut for maintenance since early April and no restart date has been set for the plant, the source added.

Methanol prices in Shandong are expected to rise because of the decreased supply, some traders said.

Methanol prices in Shandong were at yuan (CNY) 2,550-2,580/tonne ($401-406/tonne) EXW (ex-works) on 20 June, up by CNY50-60/tonne from 19 June, according to Chemease, an ICIS Service in China.

($1 = CNY6.36)

By: Rachel Qian

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