China’s Sichuan Dazhou Iron & Steel running methanol unit at 70%

21 September 2012 09:18  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Sichuan Dazhou Iron & Steel is running its 200,000 tonne/year No 3 methanol plant at Dazhou in Sichuan province at 70% capacity after restarting it on 16 September, a company source said on Friday.

The plant was shut for maintenance in early September, according to the source.

Meanwhile The producer’s 100,000 tonne/year No 1 methanol plant and 200,000 tonne/year No 2 methanol plant at the same site are currently running at 70% of capacity, the source added.

Methanol prices in southwest China are expected to soften because of the increase in supply resulting from the restart of the No 3 unit, with demand from the downstream formaldehyde demand also remaining weak, according to market participants.

Methanol prices in southwest China were at yuan (CNY) 2,450-2,600/tonne ($389-412/tonne) EXW (ex-works) on 21 September, unchanged from a week earlier, according to data from Chemease, an ICIS service in China.

($1 = CNY6.30)

By: Rachel Qian

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