Methanol Price Drivers Analysis
As a raw material-type chemical, methanol has many price drivers, including macro economy, policy, industry supply and demand, substitute competition, inventory level, upstream and downstream profits, etc. These factors have varying degrees of influence on the change of methanol price under different circumstances.
Marco environment has an obvious impact on the price of bulk commodities. For example, in H1, 2020, the pandemic-induced shrinks in end consumption affected the operation of traditional methanol downstream industries, such as formaldehyde. Consequently, methanol demand weakened, and its prices hit a record low.
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