China’s CNOOC hikes H1 Oct methanol contract prices in south China

28 September 2012 08:45  [Source: ICIS news]

SINGAPORE (ICIS)--China National Offshore Oil Corporation (CNOOC) said late on Thursday it has raised its methanol contract prices for the first half of October by yuan (CNY) 20-30/tonne ($3.20-4.80/tonne) from the second half of September.

CNOOC has raised its methanol contract price, which is a benchmark for CNOOC’s contracts in south China, to CNY2,880-2,920/tonne ex-tank.

CNOOC has two methanol plants with a total capacity of 1.4 m tonnes/year in Hainan province, south China.

($1 = CNY6.30)

By: Sam Liang

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