China’s Shandong Yankuang shuts methanol unit for maintenance

26 November 2012 09:17  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Shandong Yankuang has shut its 500,000 tonne/year methanol unit for maintenance on 26 November, a company source said on Monday.

The unit will be shut for three to four days because of mechanical issues, the source said.

The decline in methanol prices is expected to slow down because of the decreased supply, market participants said.

Methanol prices in Shandong China were at yuan (CNY) 2,580-2,690/tonne ($414-432/tonne) EXW (ex-works) on Monday, unchanged from 23 November, according to Chemease, an ICIS Service in China.

($1 = CNY6.23)

By: Rachel Qian

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