China’s Jiutai Energy to shut methanol unit for maintenance

20 June 2012 11:04  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Jiutai Energy Inner Mongolia will shut down its 1m tonne/year coal-based methanol unit on 3 July for regular maintenance, a company official said late on Wednesday.

The company will keep the plant shut for 10 days, the official added.

The reduction in methanol supply in the domestic market may increase Inner Mongolia spot prices, a market player said.

Methanol spot prices for Inner Mongolia on 20 June are stable at yuan (CNY) 2,180–2,200/tonne ($343–346/tonne), compared with 18 June, according to Chemease, an ICIS service in China.

The methanol plant is in Erdos in Inner Mongolia province, north China.

Jiutai Energy Inner Mongolia is a subsidiary of Jiutai Energy Company Limited.

($1 = CNY6.36)

By: Mindy Liu

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