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Updated to Q2 2020
Supply conditions are expected to be balanced-to-long in Q2 due to continued bearish demand. Spot activity is likely to remain weak for the majority of the quarter as Europe battles the coronavirus. Automotive shutdowns are also likely to lead to lower consumption. Less supply is expected from Canada’s Methanex – the world’s largest producer and supplier – after it idled two plants in Trinidad and Chile. This is likely to be balanced by lower demand.
Poor demand is expected in April and May, driven by weak sentiment and shutdowns in the automotive sector. Some players point to a recovery in June, but this is dependent on the spread of the coronavirus. While Europe remains under lockdown with port closures and restrictions to logistics, demand is likely to remain limited.
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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