China's Donghua Energy to shut Ordos methanol unit on 10 Sept

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)

By: Rachel Qian

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