Methanol Downstream Industry Performed Average
As for the methanol industry, the methanol operating rate in 2020 was basically unchanged from that in 2019. Influenced by the public health event, the operating rate was low in February, but the operating rate was above 70% overall. As for the downstream, the operating rate decreased obviously, and the overall operating rate decreased by 6% Y-O-Y. Therein, the operating rate in the CTO industry was 82.32%, and increased slightly Y-O-Y. Downstream industries were sluggish, especially the formaldehyde industry. Influenced by the sheet and real estate industry, the operating rate decreased obviously. Overall, the average operating rate was around 41% from January to April 2020, and decreased notably from the same period in 2019..
