China’s Shanxi Kingboard Wanxinda runs No 2 methanol line at 42%

14 November 2012 07:56  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Shanxi Kingboard Wanxinda is running its 100,000 tonne/year No 2 methanol line at Linfen city in Shanxi province at 42% capacity, a company source said on Wednesday.

The Chinese producer took its No 2 line off line on 20 October for maintenance until 4 November, because of some technical glitches. However, the line has resumed production since 11 November, according to the source.

Prior to the shutdown, the unit was operating at 95% capacity, the source added.

The shutdown of the methanol line has little impact on the domestic spot methanol market, traders said.

Methanol prices in Shanxi province in China were at CNY2,530-2,700/tonne ($406-433/tonne) on 14 November, according to Chemease, an ICIS service in China.

Meanwhile, Shanxi Kingboard Wanxinda’s 100,000 tonne/year No 1 line at the same site is running at full operating rates, the source said.

($1 = CNY6.23)

By: Fayer Shen

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