Key Highlights:聽
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Methanol values decreased by x.xx, pressured by oversupply and soft downstream demand.聽
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Methanol imports from the Middle East (Saudi Arabia, UAE, Oman, Iran) surged xx.xx in Qx vs Qx, continuing into Qx.
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Iranian shipments to China increased following U.S. sanctions on Indian firms, adding to supply pressure.
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Domestic production recovered, with multiple facilities restarting and boosting capacity utilization.
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Market outlook remains weak, with expectations of continued price fluctuations and consolidation through September.
Supply Pressure Intensifies with Surging Imports聽
The increase in methanol imports from the Middle East was a significant contributor to the supply surplus. Shipments mainly from Saudi Arabia, UAE, Oman, and Iran surged by xx.xx in Qx over Qx, and the oversupply conditions persisted into Qx. The situation was aggravated when Iranian methanol began flowing to China, following U.S. sanctions against six Indian firms on July...
