China Methanol Market to Fluctuate amid Supply and Demand Game
Looking back to 2020, it can be found that the whole methanol market showed a “V” shape movement. In H1, 2020, the demand was sluggish, influenced by the COVID-19 pandemic, crude oil changes, etc. The methanol prices refreshed historic lows repeatedly, and producers suffered profit losses. In H2, 2020, with the stabilization of the epidemic in China, production activities gradually resumed and demand improved. The prices of some chemicals, including methanol, began to rally. In Q4, 2020, the profits of methanol production finally turned from negative to positive and rose gradually.
