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Updated to Q3 2019
Plentiful stocks in Rotterdam are expected to combine with global oversupply. Local offers are likely to be boosted by a second unit at OCI’s Dutch methanol plant, earmarked for a June startup, although news of its operation was pending in late June. Buyers and sellers are well prepared for Russian turnarounds scheduled for the summer.
Depressed expectations for Q3 are influenced by weak European economic data and global geopolitical trade tensions. The IFO index, the German business climate index, has been falling for more than a year to June. A slower offtake is expected, as consumers prepare for the summer. There is bearish expectation for China’s methanol consumption, which plays a major role for global markets.
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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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.
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.
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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.
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