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Updated to Q3 2020
With one new Iranian plant already in commercial production and another close to it by the end of Q2, market participants expect more supply to China, as Chinese buyers remain the sole buyers of Iranian material. A southeast Asian plant has a two-week shutdown in July while another might have a 30-45 day turnaround in the end of Q3, but these should have limited impact on market sentiment.
Asian players were cautiously optimistic for Q3, especially as demand in Q2 was decimated by lockdowns and restrictions. Although demand should recover slowly as the governments push for economies to get back on track, there is concern of a second wave of coronavirus infections that could impede such efforts, with a resurgence in cases in South Korea, India, and in China briefly, by the end of Q2.
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.
More information about the price reports we publish on Methanol
Independent price assessments and market coverage by region
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News & market analysis specifically relating to Methanol
Breaking news of latest developments affecting the markets.
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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.
Methanol is primarily used to produce formaldehyde, methyl tertiary butyl ether (MTBE) and acetic acid, with smaller amounts going into the manufacture of DMT, MMA, chloromethanes, methylamines, glycol methyl ethers and fuels.
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