PODCAST: Europe, US methanol prices rise on ongoing tightness

LONDON (ICIS)–European and US methanol market dynamics continue to follow a similar trend, with healthy demand recovery amid tighter supply boosting spot prices.

ICIS editors Anna Matherne and Eashani Chavda discuss recent market developments and key topics to look out for in 2021.

Methanol is primarily used to produce formaldehyde, methyl tertiary butyl ether (MTBE) and acetic acid. Smaller amounts go into production of dimethyl terephthalate (DMT), methyl methacrylate (MMA), chloromethanes, methylamines, glycol methyl ethers, and fuels applications such dimethyl ether (DME), biodiesel and the direct blending into gasoline.