Methanol sellers in Asia and the Middle East are under pressure to cut production rates or face demurrage costs as Chinese storage tanks have no space left.
News ID: 9490 Publish Date : 2020/05/15
Canada's Methanex, the world's largest producer of methanol , has idled its 850,000 t/yr Titan plant in Trinidad effective today and will idle its 800,000 t/yr Chile IV methanol plant effective 1 April, both for an indefinite period.
News ID: 8727 Publish Date : 2020/03/16
Global methanol spot prices will be constrained in the first half of 2020 by new production projects coming online in Iran, Trinidad and the US, and growth in olefin and olefin-derivative capacity in Asia-Pacific will reduce MTO-based production significantly during the 2020-23 period.
News ID: 8221 Publish Date : 2020/01/06
Malaysia's state-owned Petronas is facing a 1½-month shutdown at its 1.65mn t/yr methanol line in Labuan following an outage.
News ID: 8001 Publish Date : 2019/12/18
Iran exports 8 million tonnes of methanol in a year, which the US has been unable to affect, despite all claims of American officials.
News ID: 7920 Publish Date : 2019/12/11
European methanol contract prices for the first quarter of 2019 have mirrored declining global values, pressured by dwindling Chinese demand from the Methanol to Olefins (MTO) sector, and the start-up of new production capacity in the US and Iran. But European spot prices should remain stable in the first half of 2019.
News ID: 3150 Publish Date : 2019/01/03
While a downtrend in methanol spot prices in both Europe and Asia has impacted market sentiment in the final quarter of 2018, 2019 is expected to be a good year for the methanol market, according to Proman CEO David Cassidy.
News ID: 2695 Publish Date : 2018/11/23
Glencore in talks to sell Philippine copper smelting unit
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Iron ore price weakens as Australia flags return to sub-$100 prices
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Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Glencore in talks to sell Philippine copper smelting unit
