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Updated to Q3 2020
Russia’s Metafrax has a scheduled maintenance due to begin in August and Equinor’s postponed Q2 maintenance in Norway is expected to take place in Q3, although this could not be confirmed. As these turnarounds are planned, they are not expected to have a significant impact on European supply. Additional capacity has come online in Asia and overall, global supply length is unlikely to decline for Q3 while demand remains poor.
Demand is expected to rise slowly over Q3. However, downstream markets remain subdued and oversupply will likely dominate. The demand low point is thought to have passed, although this is dependent on whether there is a second wave of the coronavirus. The formaldehyde market is expected to remain quiet in Q3, as is the automotive industry. Demand is likely to be slow but will see a gradual improvement compared with Q2.
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 >>
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.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Methanol, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.
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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