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Updated to Q4 2019
Global oversupply is expected to persist, with subsequent pressure on Europe. Higher operating rates in Trinidad and, closer to home, in Libya, Russia and Azerbaijan could offer more consistent supply to Europe. Players will monitor the impact of a newly opened second Dutch unit. The end of Russian maintenance is expected to boost Rotterdam supply.
There is a depressed outlook for Q4 methanol consumption carrying over from 2019’s overall weaker-than-expected demand, notably for the downstream wood panel market in southern Europe. Some players speculate that methanol consumers will rely on their existing inventories for Q4, while firm downstream inventories are also seen as potentially dampening demand.
We offer the following regional Methanol analysis and news coverage to keep you informed of factors and developments affecting prices in the Europe Methanol marketplace.
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ICIS launches Global Methanol Markets General Methodology Consultation more >>
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Methanol Methodology
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.
The Europe methanol report publishes both spot and quarterly contract prices, both of which form benchmarks in the European market. We also publish daily prices via the price alert system giving a complete overview of pricing in the European market.
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