China based Zhongyuan Dahua has shut down its Methanol unit for maintenance. Many of the Methanol producing plants has been shut down in this week in China. This has led to significant increase in the Methanol prices in China market. Prices have increased by more than USD 20 in last three days.
Unit is based at Henan province f China and has the manufacturing capacity of 5,00,000 mt/year.
