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Updated to Q3 2021
There are fewer shutdowns scheduled for the southeast Asian and Middle Eastern plants compared with Q2. Kaveh Methanol targeted full completion of its plant repairs in Q3, as such, it could return to normal operations. The Asaluyeh complex in Iran expects to see utilities expanded by September, allowing all methanol plants there to resume full production. There could be new capacity start-ups as well, such as the US’ YCI Methanol One in August.
Downstream consumption should pick up once the COVID-19 pandemic situation improves in Asia. Players were optimistic that this could be achieved before the end of Q3, given that increased restriction measures were already imposed in Q2. However, other Asian countries could see a resurgence in COVID-19 infections. The India market could remain heavily reliant on spot material unless some US sanctions on Iran are lifted.
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
More information about the historical price data we publish on Methanol
Track historical price data
News & market analysis specifically relating to Methanol
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
ICIS launches Global Methanol Markets General Methodology Consultation more >>
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:
Find out more about our ICIS price assessments for Asia’s methanol market
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
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.