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Updated to Q4 2018
There was increased spot supply from Iran after a new plant achieved stable production at the end of the third quarter. In addition, the US sanctions on Iran came into full effect in early November but did not have significant effects in the Asia methanol market, especially in China and India, the two biggest markets for Iranian methanol. There were some scheduled and unscheduled plant shutdowns in southeast Asia in October but stable production resumed soon after. Any supply shortfall was filled by Chinese exported materials. Some Asian buyers also received US-origin volumes which were from a new plant that started up at the end of June 2018.
Overall demand fell slightly but spot demand plunged in some places after spot prices fell sharply throughout most of the quarter. In the key China market, spot transactions for Iran volumes rose due to increased availability after a major new plant started up in end August 2018. In other Asian countries, buyers retreated from the spot markets due to the steep fall in spot prices, preferring to just take in term volumes. Some buyers were heard to even delay their intake of term cargoes while waiting for prices to bottom out.
We offer the following regional Methanol analysis and news coverage to keep you informed of factors and developments affecting prices in the Asia Methanol marketplace.
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ICIS price assessments are based on information gathered from a wide cross-section of the market comprising consumers, producers, traders and distributors by more than 250 of its reporters worldwide. Confirmed deals that are verified by both buyer and seller provide the foundation of our price assessments.
Our ICIS Asia methanol pricing reports include spot assessments for the following:
You can rely on our reports to give you the prices and analysis of factors driving prices to facilitate your commercial transactions and business decisions.
ICIS publishes daily and weekly price assessments, market news and analyses for the Asian methanol market. Whether you are a buyer, trader or seller, our pricing information gives you access to time-sensitive deals, offers/bids and price movements. Historical pricing data is also available.
Our report includes all of the following:
The report has a section on production news, capturing any significant production developments through the week. A discussion of supply and demand fundamentals is also included.
ICIS’ online database provides a single, highly searchable source of detailed historical data as far back as 1978 and forecast data up until 2030 for methanol around the globe. The service combines supply/demand, trade, capacity and ownership data to give you multiple views of the market from a global, regional or local perspective.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Methanol. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
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