Methanol Prices, News, Market Analysis

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Methanol Prices Overview
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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.
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Methanol Prices Overview
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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. Mitsubishis 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.
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Methanol Prices Overview  
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Methodology ChemAnalyst gathers information
through primary research surveys conducted with
various Methanol manufacturers, spread
across domestic and international market,
suppliers and dealers/distributors to gain
insights into value-chains and demand-supply
scenario to assess the market situation. Thorough
study of companys 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. 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
industrys 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-specifi
c markets for Methanol are analyzed
and region-wise demand pattern is tracked.
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Methanol Prices Overview  
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• 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

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Methanol Prices Overview  
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  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.

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Methanol Prices Overview  
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