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The Asian Methanol supply remained tight throughout Q1 2021, and price remained uplifted initially during January and February but later reduced till end of the quarter. There were several reasons behind the fluctuation in prices, one of them being Chinese Lunar Holidays that hampered the overall production of the country, which ultimately reduced the inventory levels and created shortage across the region. Another reason was hike in prices of European Methanol which was close to USD 430 per MT during February.
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Methanol Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ Market Overview Quarterly Update on Global Methanol Market For the Quarter Ending March 2021 North America North America faced severe shortage of Methanol along with several other chemicals, due to winter storm across the US gulf. Winter storm totally chocked the Methanol production in the Texas, with several Methanol plants was facing shutdowns within Louisiana. Get more info: https://www.chemanalyst.com/Pricing- data/methanol-1 FOLLOW US:
Methanol Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ It was estimated that close to 90% of the total Methanol production of North America was halted by the storm in mid-April. Moreover, imports from South America also remained low due to some plant shutdowns. Mitsubishi’s Venezuela plant Metanol de Oriente, having capacity of 750,000 MT per year faced turnaround during January. In addition, Methanex extended shutdown of its Methanol plant in Trinidad for indefinite time. This plant has a capacity of 600,000 MT per year. Extended marked gains, Methanol contract price settled by Methanex corp. for the month of April was around USD 519 per MT. Asia The Asian Methanol supply remained tight throughout Q1 2021, and price remained uplifted initially during January and February but later reduced till end of the quarter. There were several reasons behind the fluctuation in prices, one of them being Chinese Lunar Holidays that hampered the overall production of the country, which ultimately reduced the inventory levels and created shortage across the region. Another reason was hike in prices of European Methanol which was close to USD 430 per MT during February. Moreover, Methanex, a global Methanol producer declared the closure of New Zealand based Waitara Valley Methanol producing facility, due to business losses and was unable to sustain the production. Europe In Europe, Methanol supply remained tight amid moderate demand from the domestic market. The imports of Methanol were strictly low across the region due to several plant outages across North America. Although the import demand from several Asian countries was high, hence the domestic Methanol price skyrocketed during the first half of the quarter, which later reduced when the supply started to improve. FOLLOW US:
Methanol Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ Methodology ChemAnalyst gathers information through primary research surveys conducted with various Methanol manufacturers, international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market. spread across domestic and Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Methanol market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility. Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe. Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Methanol market. Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on daily, weekly, monthly and yearly basis. Finally, region-specific markets for Methanol are analyzed and region-wise demand pattern is tracked. FOLLOW US:
Methanol Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ About Methanol is also known as Methyl Alcohol and has a chemical formula (CH3OH). Methanol is a colorless, volatile and flammable liquid and is highly toxic. Methanol is produced directly from carbon monoxide, carbon dioxide and hydrogen through a catalytic process. Methanol could also be used as an alternative engine fuel for internal combustion. It also acts as a fuel for model engines in combination with or without gasoline. Moreover, methanol is utilized to produce acetic acid, formaldehyde, Methyl Tert-Butyl Ether, etc. These products are used in various end user industries such as pharmaceuticals, automotive, petrochemicals and for the synthesis of complex chemicals, etc. Methanol is commercially produced from natural gas in a series of three reactions – Steam Reforming, Water shift reaction and synthesis. The methanol thus formed is in crude form having a purity of 68 to 70%. This methanol is then purified to the extent of over 99.85%. Methanol having purity of minimum 99.85 wt% and water content 0.1 wt% max is classified as chemical grade (AA) methanol. Product Specific Details CAS No.: 67-56-1, HS Code: 29051100; Packaging Size: Tankers/Barrels; Incoterms: CFR, FOB, Ex-Works, Bulk Contracted, Spot Countries Covered: APAC – China, Japan, India, South Korea, Singapore, Europe – Germany, France, Belgium America – USA, Brazil MEA – Saudi Arabia, UAE, South Africa FOLLOW US:
Methanol Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ How we can help ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of Chemanalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion dollar projects globally. FOLLOW US:
Methanol Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ is ‘one stop’ comprehensive market intelligence data and in-depth analysis on the Global chemical and petrochemical industry. Our aim is to provide competitive advantage to the industry stakeholders by offering ‘cutting edge’ information and analysis that help our customers leverage on the emerging opportunities in their businesses. ChemAnalyst online portal that offers ChemAnalyst’s tracking Chemical Prices daily, production capacity, demand and supply outlook, manufacturing plant locations, foreign trade data and news/deals for more than 400 major chemicals produced in India. ChemAnalyst’s Interactive subscription platform provides the most comprehensive data and analysis in your industry to help you decode the future. team of 100+ analysts are engaged in ChemAnalyst is promoted by TechSci Research (TSR). TSR is a research-based management consulting firm providing market research and advisory solutions to the customers worldwide, spanning a range of industries including Chemicals & Material, Automotive, Consumer & Retail, ICT, Energy & Power, Aerospace & Defense, Water and Waste Management, BFSI and more. CHEMANALYST B-44, Sector -57, Noida, NationalCapital Region, UP, India201301 Tel:+91-120-4523900 E: sales@chemanalyst.com FOLLOW US:
