China’s Xinneng Fenghuang Energy shuts Shandong methanol plant
21 September 2012 09:14 [Source: ICIS news]
SINGAPORE (ICIS)--?xml:namespace>China’s Shandong Xinneng Fenghuang Energy shut its 360,000 tonne/year No 2 coal-based methanol plant in Shandong province on 20 September for maintenance, a company source said on Friday.
The unit will be shut for one week, the source said.
The company’s other 360,000 tonnes/year No 1 methanol plant at the same site is running at 90% of capacity, the source said.
With supply in the market reduced, methanol prices may increase, some traders said.
Methanol prices in Shandong were at yuan (CNY) 2,710-2,850/tonne ($430-452/tonne) EXW (ex-works) on 21 September, up by CNY10/tonne from 20 September, according to Chemease, an ICIS Service in China.
($1 = CNY6.31)By: Rachel Qian
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial
to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free
trial to ICIS Chemical Business.