28 August 2013 04:25 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Inner Mongolia Donghua Energy is planning to shut its 600,000 tonne/year methanol unit in Ordos on 10 September for scheduled maintenance, a company source said on Wednesday.
The methanol unit will be shut for 10 days, the source added.
Domestic methanol prices in Inner Mongolia are expected to rise because of the decreased supply during the plant shutdown, traders said.
Methanol prices in Inner Mongolia were at yuan (CNY) 2,420-2,430/tonne ($395-397/tonne) EXW (ex-works) on 27 August, up by CNY10-20/tonne from 20 August, according to Chemease, an ICIS service in China.
($1 = CNY6.12)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections