China’s Xinneng Fenghuang Energy shuts Shandong methanol plant

21 September 2012 09:14  [Source: ICIS news]

SINGAPORE (ICIS)--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

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