07 August 2012 08:05 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Shanxi Coking Group achieved on-spec methanol production on 6 August after restarting its 200,000 tonne/year plant at Linfen in Shanxi province on 18 July, a company source said on Tuesday.
The producer was unable to run the plant at a stable rate after restarting it on 18 July, the source said without providing further details.
The plant produced 500 tonnes of on-spec methanol on 6 August that will be sold in the spot market, the source added.
The company supplies 70% of its output to the Henan market, 20% to the Hebei market and the remaining 10% of its output to the Shandong and local Shanxi markets.
Despite the fact that demand is weak, the additional supply from Shanxi Coking’s plant is not expected to have an immediate impact on the spot market, said market participants.
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