08 January 2013 06:55 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Huadian Yulin Natural Gas Chemical reduced the operating rate of its 610,000 tonne/year methanol unit at Yulin in Shaanxi province to 35% from 60% on 5 January, a company official said on Tuesday.
The company reduced the methanol unit’s operating rate on the back of a persistent shortage of natural gas during winter, the sourced added.
Natural gas supply is usually tight during winter as most of the supply is allocated to residential areas for heating purposes.
This supply reduction of methanol in the domestic market has little impact on the methanol market because of slowing demand, a market player said.
The company usually runs its 610,000 tonne/year natural gas-based methanol unit at 95% capacity. However, it has reduced the unit’s operating rate to 60% since early December because of the shortage of natural gas supply.
Huadian Yulin Natural Gas Chemical is a holding company owned by China Huadian Corp.
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