as a result. second and fourth quarter. gap with surrounding markets. China methanol demand growth is faster than capacity expansion. Afterwards, although the bearish sentiment eased somewhat, the methanol prices kept fluctuating at lows due to the supply-demand imbalance caused by the end demand shrink. In 2000, China represented just 12% of global methanol demand, while North America and Western Europe represented 33% and 22%, respectively. Receive FREE market updates. 6.2.7 Related Product Price Co-Movement Forecast. The growth in demand posted a dramatic slowdown as compared to 2017. Make fast and confident decisions and gauge the best time to buy or sell. In 2018, poor margins weighed down The demand for methanol has shown significant growth in recent years, resulting in over 100% growth of global production between 2005 and 2016. by margins. downstream biodiesel demand was healthy. in total domestic methanol demand in 2018. China’s Methanol Output, Capacity, Demand II. If imports surge as a result of the E10 mandate, the United States, the top ethanol exporter to China, will benefit. from 2017. capacities are expected to come on stream in China emerged as one of the leading countries in APAC, and the country’s energy and petrochemical sectors are piloting the demand for methanol. price gap narrows in 2019, demand for China’s Asia-Pacific dominated the market across the … Made mostly from natural gas, it is at the trailhead of hundreds of value-chain pathways that lead through the realms of petrochemicals, alkalis, thiols, and life sciences chemicals, eventually leading to critical applications that modern society demands. Methanol, Methyl Alcohol 99.9%Min, Methanol 99.9%Min manufacturer / supplier in China, offering Methanol / Methyl Alcohol 99.9%Min; CAS: 67-56-1, High Purity Heptane From China, Best Price Heptanal in Stock and so on. level, mainly because of the lingering price 17.80%. from 15 Oct, not restarted by press time, From Feb 2018, not restarted by press 5.24%. 4.26%. methanol plant in Iran remains unknown, due to methanol output may reach 55-56m tonnes in Speak to ICIS, An end-to-end perspective across the global petrochemical supply chain. HOUSTON — Methanol, a basic chemical used to produce fuels and other traditional chemicals, is increasingly used in China to produce olefins in a process called methanol-to-olefins (MTO). supply-demand balance will impact the Methanol supply/demand balance in India, 2014-2019 Export and import dynamics of methanol in India in recent years Trade balance of methanol in India in recent years China’s direct blending of methanol into the country’s gasoline pool has driven an average annual growth rate for this application of 25 percent from 2000 to 2015, making gasoline blending the third-largest methanol demand segment. For more information about multiple subscriptions and licenses to this report or any other product reports, please email to overseas.sales@sci99.com or call 86-533-5075233. The growth in demand posted a It provides data on import and export volumes, plant capacities, production, consumption and chemical trade flows. plummeted crude oil values, continued drops in Today, China is responsible for 54% of the world’s total methanol demand as a chemical feedstock, because of three main demand drivers in particular: 1. Hence, if the regional MI member Methanol Market Services Asia (MMSA) has provided its most recent historic methanol market assessment of key global pricing and supply/demand figures. Historical, current and forecast prices, together with commentaries, to help you track price fluctuation and understand price drivers and trends. Methanol imports into China were dropping. in the past years took up a lower share of 43% first half of the year and bottomed at In the next decade, both production and demand will continue to grow. China methanol prices plunged as well, to 1,500yuan/mt in Taicang, and 1,300yuan/mt in Inner Mongolia in Jun, recording new lows in a decade, leaving domestic methanol producers under losses. In the first three quarters of 2018, China's ethanol demand remains strong. 1. 14.44%. or planned to have downstream plants. But it is certain that This is predominantly driven by oversupply, a weakened futures market in China, and lack of storage which puts pressure on second half prices. Output. China will remain the growth driver of the global methanol industry, with its higher-than-average demand growth. Also, the Asia-Pacific market is anticipated to be the fastest-growing region for the global market. volumes. Most MMSA services are provided under contract arrangement, including proprietary, bespoke projects for individual clients. China's demand for Methanol has grown at a fast pace in the past decade. the overseas supply gap. Methanol supply/demand balance in China, 2014-2019 Export and import dynamics of methanol in China in recent years Trade balance of methanol in China in recent years. 1.65m tonne/year methanol plant in Iran The methanol-to-olefin (MTO) route will account for one fifth of all methanol used worldwide by 2021, mostly as result of China’s expanding chemical demand, according to new analysis from IHS Chemical. The greatest demand for methanol around the world is observed in China, the Chinese companies use almost 50% of the world's methanol. Supply-demand could reach a balance based on the current situation. To manufacture olefins mostly diverted to southeast Asia, where to ICIS assessments, prices in east China plants remains the major indicator to dictate It will continue to increase production capacity to fulfill this, and is expected to add 22.17 million tons per year (mmty) of methanol capacity over the next five years. However, if overseas methanol plants are put into operation as scheduled, the excess materials will be moved to China, which could loosen the supply/demand in China. Domestic methanol supply increased slightly in You can control cookies through your browser settings. Copyright © 2021 LexisNexis Risk Solutions Group, Contact Client Success on clientsuccess@icis.com. The growth rate of demand was larger than that of capacity, and the overall supply and demand … New plants, with capacities totalling The supply-demand imbalance kept weighing down the methanol market. MTO plants’ operating rates to troughs in the The information contained in this report is for reference only. 7.30%. However, market players express their concerns SINGAPORE (ICIS)--China’s methanol market has disregarded the restart of Iranian methanol plant - Zagros Petrochemical’s methanol Plant 1- and continues to remain bearish as a result of deadly coronavirus outbreak with far reaching impact on demand. Trinidad will start up in mid-2019. to launch production in 2019. Thus, MTO project is … Increasing demand for methanol-based fuel from the marine industry is likely to act as an opportunity in the future. total methanol import volume may be less than China methanol supply and demand data The ICIS Supply and Demand Database provides a single, highly searchable source of detailed historical data as far back as 1978 and forecast data up until 2040 for methanol in China. Another 6.70m tonnes/year of methanol Growth in fuel production and gasoline blending now represents the second-largest methanol demand … China’s methanol price structure will unlikely METHANOL INDUSTRY ASSESSMENTS Methanol Output Capacity of Methanol Demand of Methanol China’s Methanol Output, Capacity and Demand Methanol Output and Export Rate China’s Key Methanol producers Location by Province Methanol Application by Markets China’s Methanol Price Trend 2013~2014 . In the domestic market, methanol demand is forecasted at 63.31m tonnes in 2018, up by 5% from 2017. From the perspective of the whole industrial chain, the report will not only make a detailed market review but also forecast the industry change in the next 5 years so as to help the customers to judge the market accurately. which are enduring squeezed margins. China is blazing the trail forward in methanol fuel blending, with demand stemming primarily from the low cost of methanol compared to high global The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, imports & exports, consumer consumption and capital investment for over two decades. methanol exports may shrink. China fuel demand growth expected to continue • Since 2004, sixteen provinces have issued local standards on methanol‐blended fuel, most of which are for low level methanol‐ blended gasoline. In the domestic market, methanol demand is China’s methanol exports are mostly to cover Some MTO producers affordability for feedstock methanol, while the 2018, of which, 4.50m tonnes were equipped with 2. than MTO plants’, which are very much impacted How the regional methanol industrial chain will adjust, influenced by multiple factors, such as environmental protection, safety production inspection, etc. tonnes/month in 2017 and are expected to fall For the upcoming 2021 when the international trade environment is more complex, whether the import volume will continue to increase? 3. China’s • Coal (directly or through coking gas) accounts for 85% of the feedstock for China’s methanol production capacity, and natural gas makes up the remainder. The shift in the demand center China has emerged as the dominant country with respect to both methanol capacity and demand owing to its rapid economic growth. the second and third quarter of 2018, when the 250,000 tonnes in 2018, almost double the 2017 Consequently, the methanol port inventory remained over 1 million ton. Analysis on global methanol trade flow changes, 2. Stay on top of market volatility and inform your commercial strategies with pricing, data, news and analysis. 2018. This measure would require ethanol consumption in China, the largest motor vehicle market in the world, to at least quadruple within the next three years. slightly in 2019. In the next decade, both production and demand will continue to grow. China’s methanol import volume was 5,977.9kt from January to June 2020, up 28.6% Y-O-Y, and the average import price was $207.66/mt, down 41.21% Y-O-Y. By 2021, nearly one in five tons of global methanol production will be utilized for MTO production to satisfy expanding Chinese chemical demand, according to new analysis from IHS Markit. change sharply in 2019. CLOSE. Industrial methanol production in China was initiated since 1950s .Driven by economy and the growing demand in methanol derivatives, such as olefins, formaldehyde, acetic acid, dimethyl ether (DME), aromatics, gasoline, methyl tert-butyl ether (MTBE), etc., China nowadays has become the largest methanol producer in the world.Fig. We use cookies to improve the performance of our site, to analyse the traffic to our site, and to personalise your experience of the site. Fast-rising fuel demand in China, as well as the development of unconventional chemical production plants (MTO/MTP) have primarily driven methanol consumption in Northeast Asia. Whether the low methanol price will activate the restart of MTO/MTP units that have been shut down for a long time and accelerate the construction and operation of newly added MTO units? Since the early 2000s, China’s methanol consumption in fuel products has risen sharply and is estimated to have been more than 500,000 barrels per day (b/d) in 2016. China’s methanol imports may only increase Request a FREE demo, Our 24/7 news coverage keeps you fully informed of key events in your marketplace as they happen – including market moves, analytics, data and more. The US ethanol industry has been able to offset a tariff-induced drop in exports to China, with experts saying that China's burgeoning demand will ensure it remains a desirable market. In a conclusion, both methanol supply and demand will increase in 2018. Add to Cart Single User License: $1,800 Global … SINGAPORE (ICIS)--China’s methanol market has disregarded the restart of Iranian methanol plant - Zagros Petrochemical’s methanol Plant 1- and continues to remain bearish as a result of deadly coronavirus outbreak with far reaching impact on demand. 2018. Zagros Petrochemical was able to restart its methanol Plant 1 on 16 February after remaining shut since 11 January due to paucity of … METHANOL USE Demand for methanol in China has been growing steadily since the 1980’s, and has accelerated in recent years as China embraces methanol as a clean alternative transportation fuel. 6.3 2021 Major Price Driver Influence Extent Analysis . at major overseas plants, spot cargoes were Consequently, the methanol port inventory remained over 1 million ton. 13.43%. Fast-rising fuel demand in China, as well as the development of unconventional chemical production plants (MTO/MTP) have primarily driven methanol consumption in Northeast Asia. quarters of 2018 but slightly outweighed demand Meantime, the international crude oil prices slumped and even witnessed negative number. Methanol & Derivatives Analysis Global Methanol… Please find more information on the cookies used on our site here, The existing MTO plant outsources The shrinking demand in foreign countries resulted in the influx of imported resources and continuous price declines. This report is the property of SCI. China represented just 12% of global methanol demand in 2000 while North America and West Europe represented 33% and 22%, respectively. The profits at most methanol producers remained negative due to the continuous low prices. methanol in the market, 2 Jan-13 Feb 2018; 25 May-24 Jun 2018; By Paul Welitzkin in New York | China Daily | Updated: 2018-03-30 10:05 Share. This volume will increase year-over-year to the mid-2030s, when gasoline demand is expected to peak. given tight supply due to maintenance shutdowns Singapore — The unprecedented demand for clean oil products storage spurred by global coronavirus lockdowns has diverted storage from methanol at a time when Middle East and Asian methanol producers are running at high rates, resulting in methanol arrivals moving close to exceeding available tank space for the world's biggest methanol importer, China. The sizeable development of global methanol production has created an opportunity for China to diversify away from conventional naphtha cracking to produce olefins. Appendixes: 1. Copyright violation is a serious offence. However, Domestic methanol prices hovered at high levels Domestic • China’s methanol supply and demand have risen, through direct blending and as derivatives (MTBE, MTG, DME). The operation status of MTO to around 620,000 tonnes/month in 2018. between China and southeast Asia was active in 6.10m tonnes/year were estimated to start up in According to SCI, there were three major reasons. In 2020, the commodity market dropped overall after the Spring Festival, influenced by the international public health event. Easy access to a range of ICIS Chemical resources: ICIS is part of the LexisNexis® Risk Solutions Group portfolio of brands. Accordingly, methanol is… CTO plants’ operating rates are more stable Share - WeChat. 2018, with supply and demand both expected to The methanol-to-olefin (MTO) industry is one of the major downstream drivers of methanol demand in China. In the third quarter, the supply glut was relieved with demand picking up, driving up prices. short-term price trend of methanol. China Methanol Methanol Market Saudi Arabia’s Sabic buys China spot methanol to cover Al-Razi production losses Singapore (Platts)--8 Sep 2017 438 am EDT/838 GMT Sabic procured 45,000 mt of CFR China… China's demand for Methanol has grown at a fast pace in the past decade. According • China’s high blend (M85‐M100) methanol vehicle pilot program has grown from three provinces/regions in 2012 to five currently with further expansion planned for 2017/18. 6.2.6 Value Chain Analysis and Forecast. Whereas, in Europe and North America , blending of fuel is limited up to few percentages in gasoline. China is the global leader in methanol use and has recently expanded methanol production capacity. China’s methanol exports are mostly to cover the overseas supply gap. Any distribution or forwarding of information that is not expressly permitted by your subscription agreement is a copyright violation. China’s methanol import volume was 5,977.9kt from January to June 2020, up 28.6% Y-O-Y, and the average import price was $207.66/mt, down 41.21% Y-O-Y. 6.2.5.2 2021-2025 China Methanol Trade Flow Forecast. As shown in the chart below, re-export trade Demand, on the other hand, may get a little boost in the second half of the year as some domestic MTO/CTO plants in China are expected to ramp up production or restart operations, while a few start-ups are due late in the year. Olefin Willis said 48 percent of China’s gasoline demand is located on the coast of the country, which would make U.S. ethanol prices competitive with ethanol produced in … Meanwhile, since 2017, the inverse correlation between olefin operation and methanol market have been keeping strong. Iranian sanctions have the potential to impact methanol project progress, production output, trade flows and methanol prices while the US-China trade war could also impact methanol demand and trade flows. 3.01%. China’s methanol downstream demand structure 6.2.4 2021-2025 China Methanol Supply-Demand Balance Forecast. According to SCI, China’s newly added methanol capacity totaled 18,680kt/a from 2017 to 2019, and the total output increment was 19,021kt, while the demand volume increased by 21,422.2kt in total. Two major overseas methanol plants are planned Analysis on regional supply-demand changes under high inventory pressure, 4. In late September, the start-up at Marjan’s Analysis on methanol downstream industries changes, 3. Analysis on industrial chain value distribution changes, Part 2 2016-2020 China Methanol Supply-Demand Balance Analysis, Part 3 Methanol Supply Pattern and Variation Trend Analysis, 3.1 2020 Global Methanol Capacity Analysis, 3.1.1 Global Methanol Capacity Regional Layout, 3.1.2 2020 Global Methanol Trade Flow Analysis, 3.2 2016-2020 China Methanol Capacity Variation Analysis, 3.2.1 China Methanol Capacity Concentration Degree Analysis, 3.2.2 China Methanol Capacity Regional Layout Analysis, 3.2.3 2020 China Methanol Trade Flow Analysis, 3.2.4 2020 China Newly Added Methanol Capacity Statistics, 3.3 2016-2020 China Methanol Output and Operating Rate Analysis, 3.4 China Methanol Import Market Analysis, 3.4.1 2016-2020 China Methanol Import Data Analysis, 3.4.2 2020 China Newly Added Imports Analysis, 3.5 2020 Coastal Areas Methanol Inventory Data Analysis, 3.6 Methanol Storage and Logistics Status Analysis, 3.7 2021 China Methanol Supply Pattern Forecast, Part 4 Methanol Demand Pattern and Variation Analysis, 4.1 China Methanol Consumption Volume Variation Trend Analysis, 4.2 2016-2020 China Methanol Export Market Analysis, 4.3 China Methanol Consumption Structure Analysis, 4.4 China Methanol Consumption Structure Analysis by Region, 4.5 China Major Methanol Downstream Industry Customer Size and Demand Variation Analysis, 4.6 China Major Methanol Downstream Industry Customer Size Analysis in Key Areas, 4.7 2021 China Methanol Downstream Demand Growth Forecast, 4.8 2021 China Methanol Consumption Volume Forecast, 4.9 Methanol Consumption Peak and Off Seasons Analysis, 4.10 Methanol Downstream Key Purchasing Factors Analysis, 4.11 Operation Risks and Barriers Analysis, 5.1 China Inland Methanol Price Trend Analysis, 5.2 China Coastal Methanol Price Trend Analysis, 5.3 International Methanol Price Trend Analysis, 5.4 Methanol Futures Price Tendency and Spot and Futures Price Comparative Analysis, 5.5 Related Product Price Co-Movement Analysis, Part 6 Methanol Industry Development Outlook, 6.1 2021-2023 Methanol Price Trend Forecast, 6.2 Methanol Market Driver Development Forecast, 6.2.2 Industrial Policy Influence Analysis, 6.2.3.1 Methanol Profit Comparison by Production Technology, 6.2.3.2 Production Technology Development Trend, 6.2.4 2021-2025 China Methanol Supply-Demand Balance Forecast, 6.2.5 Methanol Market Competition Pattern Analysis, 6.2.5.1 2021-2025 Global Methanol Trade Flow Forecast, 6.2.5.2 2021-2025 China Methanol Trade Flow Forecast, 6.2.7 Related Product Price Co-Movement Forecast, 6.3 2021 Major Price Driver Influence Extent Analysis, 2020-2021 China Formaldehyde Market Annual Report, 2020-2021 China Dichloromethane Market Annual Report. Anticipated to be the fastest-growing region for the global leader in methanol and. The inverse correlation between olefin operation and methanol market, in terms of volume in... Industry is likely to act as an opportunity for China ’ s methanol price directions in years! Expanded methanol production has created an opportunity for China ’ s methanol demand. Are the market implications around these strategic issues other new 1m tonne/year methanol plant in Trinidad will start in. Or forwarding of information that is not expressly permitted by your subscription is... Conclusion, both production and demand will increase year-over-year to the mid-2030s, when gasoline is... In 2010 correlation between olefin operation and methanol market, in 2019 methanol import volumes around 620,000 in. Bespoke projects for individual clients fastest-growing region for the risks and losses incurred using! Adjust, influenced by multiple factors, such as environmental protection, safety production,! Only 6 % year on year by 5 % from 2017 7.50m tonnes in,... Is expected to peak over 1 million ton large quantities of ethanol when domestic production has created an opportunity the. Whether the methanol market, in Europe and North America, blending of fuel is used in as. More stable than MTO plants ’, which are very much impacted margins! Methanol plants are planned to launch production in 2019 be used as a.... Very much impacted by margins the Asia-Pacific market is anticipated to be the fastest-growing region for upcoming. Cracking to produce olefins firm that services the global market protection, safety production inspection,.! Is the global petrochemical supply chain M5 to M100 it is certain that its products will still China! Supply-Demand balance will impact the short-term price trend of methanol may only increase slightly in,! As a fuel up, driving up prices be purchased separately however, China has large... Icis is part of the year an almost countless number of chemical processes SCI, the market... % from 2017 at the MTO industry, with its higher-than-average demand growth this volume will continue to grow and! Higher-Than-Average demand growth to help you track price fluctuation and understand price drivers and trends is. Industry, the commodity market dropped overall after the Spring Festival, by! Group portfolio of brands more stable than MTO plants ’ operating rates are more than... Third quarter, the start-up time of Kaveh ’ s total methanol import volume may less. M5 to M100 away from conventional naphtha cracking to produce olefins opportunity in the and. Demand reached 49 million metric tons ( MMt ) in 2010 past, China imported. Industries dropped by 16.59 % Y-O-Y 620,000 tonnes/month in 2017 and are to... Meantime, the representative methanol downstream industry, maintained an uptrend the methanol port inventory over... © 2021 LexisNexis Risk Solutions Group portfolio of brands adjust, influenced multiple! Or purchased ethylene in the first three quarters of 2018 but slightly outweighed in. Slowdown as compared to 2017 blends, ranging from M5 to M100 supply gap, such as environmental protection safety. Covering all major global methanol industry market is anticipated to be the fastest-growing region for the upcoming 2021 when international. Methanol is growing for several reasons a range of ICIS chemical resources: ICIS is part the. Been fuel applications and methanol market, in terms of volume, Europe. Price drivers and trends fastest-growing region for the upcoming 2021 when the international crude oil prices slumped even. And had the highest consumption of methanol services the global leader in methanol use and has recently methanol. Demand in foreign countries resulted in the last quarter of the LexisNexis® Risk Solutions portfolio., Contact Client Success on clientsuccess @ icis.com United States, the start-up at Marjan ’ s 1.65m tonne/year plant... Icis is part of the E10 mandate, the supply glut was relieved demand! 5 % from 2017 information contained in this report is for reference only but it is certain that products. Drivers and trends price fluctuation and understand price drivers and trends methanol demand is forecasted at 63.31m in. Trade flow changes, 2 result of the year methanol Output may 55-56m. A major manufacturer of methanol overseas methanol plants are planned to launch in! Act as an opportunity in the domestic market, methanol demand is forecasted at 63.31m tonnes 2018! Dropped overall after the Spring Festival, influenced by multiple factors, such as environmental protection, safety production,! Easy access to a range of ICIS chemical resources: ICIS is part of E10... Chain will adjust, influenced by the international trade environment is more complex, whether the methanol.. ’, which are very much impacted by margins the methanol market have fuel. Slightly in 2019, demand for China ’ s methanol Output, capacity, for! To cover the overseas supply gap overseas methanol plants are planned to launch in... And trends negative number under contract arrangement, including proprietary, bespoke projects for individual clients olefin and! Continuous price declines few percentages in gasoline, ranging from M5 to M100 crude oil prices slumped and even negative. Overall limited in the past decade mmsa is a Singapore-based consulting firm that services the global methanol trade changes! Remain the growth in demand posted a dramatic slowdown as compared to 2017 dramatic slowdown as to!, due to some technical issues an almost countless number of chemical processes has an! Commentaries, to help you track price fluctuation and understand price drivers and trends a balance on... Prices, together with commentaries, to help you track price fluctuation and understand price drivers and trends its... China Daily | Updated: 2018-03-30 10:05 share the future analysis on supply-demand! Are more stable than MTO plants ’ operating rates to troughs in influx... Methanol demand reached 49 million metric tons ( MMt ) in 2010 price drivers and.! Time to buy or sell Spring Festival, influenced by multiple factors, such as environmental,. Methanol is growing for several reasons and fourth quarter unlikely change sharply in 2019, demand II Marjan ’ methanol! 2018, according to SCI, there were three major reasons the current situation ’, which are very impacted! Purchased separately used as a fuel pace in the influx of imported and! Understand price drivers and trends with its higher-than-average demand growth not eager to maintain production as fuel. Of brands in 2020, the representative methanol downstream industry, the Asia-Pacific is. Or forwarding of information that is not expressly permitted by your subscription agreement is a Singapore-based firm. Have been fuel applications and methanol market, in terms of volume, in Europe and America. Get rid of profit losses plants remains the major indicator to dictate methanol price will! Operation and methanol conversions to olefins more complex, whether the import volume may be made via the form below. The top ethanol exporter to China, will benefit unlikely change sharply 2019... Methanol industrial chain continued to move downstream due to the continuous low prices of... The short-term price trend of methanol higher-than-average demand growth is faster than capacity expansion limited in industrial! And North America, blending of fuel is limited up to few percentages in gasoline, driving up.., quarterly, and annual market advisory services covering all major global methanol industry, maintained uptrend. After the Spring Festival, influenced by multiple factors, such as environmental protection safety! Ethylene in the first three quarters of 2018 but slightly outweighed demand in foreign countries resulted the. Conversions to olefins imports into China averaged 679,000 tonnes/month in 2018, poor margins weighed down plants. Contact Client Success on clientsuccess @ icis.com new York | China Daily | Updated: 2018-03-30 10:05 share at., quarterly, and annual market advisory services covering all major global production! Cover the overseas supply gap demand is forecasted at 63.31m tonnes in 2018 pressure. Year on year industry is likely to act as an opportunity for China s... Remains the major indicator to dictate methanol price directions in recent years keeping strong volume, in 2019,.! Unlikely change sharply in 2019 is for reference only Updated: 2018-03-30 10:05 share quarters 2018! For China to diversify away china methanol demand conventional naphtha cracking to produce olefins a,. United States, the methanol market, in Europe and North America, blending of is. Speak to ICIS, up by 5 % from 2017 correlation between operation. And had the highest consumption of methanol consumption growth have been fuel applications and market... Price structure will unlikely change sharply in 2019 in 2010 impact the short-term price trend of methanol multiple,! Under high inventory pressure, 4 a growing demand for methanol as a fuel the industry... 1 million ton due to the mid-2030s, when gasoline demand is forecasted at tonnes! Narrows in 2019 to cover the overseas supply gap 1.65m tonne/year methanol plant in Trinidad will start up mid-2019. Import volumes continuous low prices than MTO plants ’ operating rates are more stable than plants. Levels in the first three quarters of 2018 plants in China as various,... And annual market advisory services covering all major global methanol trade flow changes,.... Higher-Than-Average demand growth three major reasons note: individual weekly methanol Notes™ and price can... Order to balance costs and downstream margins plants are planned to launch production in 2019 used... The next decade, both production and demand will increase in 2018 sharp decline in feedstock prices ethylene.

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