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Updated to Q2 2021
Methanol supply is expected to tighten over Q2 due to a series of planned turnarounds. Mider Helm has a planned turnaround scheduled from mid-May to June at Leuna, Germany. Producers Equinor, BPRP and Shell are also expected to conducted turnarounds this quarter. In early April, Socar’s shutdown continued and Tomet remained at 50% capacity.
Players expect a pick-up in spot buying appetite in Q2. Planned maintenance in the pipeline is likely to drive higher demand in the spot market. Meanwhile, outages in Trinidad and Venezuela were underway in early April, with exports from these plants expected to be limited in the first half of Q2. Derivative demand is expected to firm, with construction and automotive sectors likely to see a seasonal boom.
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 price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
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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.
ICIS talks to producers, buyers, traders, distributors and brokers. The commentary is objective, concise and the pricing is up-to-the-minute and accurate.
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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