25 February 2013 04:42 [Source: ICIS news]
The company will keep the plant shut for one month, the official added.
The reduction in methanol supply in the domestic market may increase the spot prices in Inner Mongolia, a market player said.
Methanol spot prices in Inner Mongoli were assessed on 22 February at yuan (CNY) 2,180-2,200/tonne ($349-353/tonne), up by CNY150-180/tonne from CNY2,000-2,050/tonne on 16 February, according to Chemease, an ICIS service in China.
The methanol plant is located at Erdos in Inner Mongolia, north China.
China’s Jiutai Energy Inner Mongolia is a subsidiary of Jiutai Energy.
($1 = CNY 6.24)
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