China Methanol Industry Returned Profitable in November
The background of methanol profit’s turnaround is the long-term imbalance of the value distribution in the methanol industrial chain. As a raw material product with relatively surplus supply, the methanol industry performed sluggish in 2020, and the methanol producers suffered profit losses. However, most downstream industries gained considerable profits for a long period of time, especially the MTO industry whose profit hit a new high in recent years. As a result, the rigid demand for methanol was stable. At this time, favorable changes in the supply side will trigger bullish sentiments easily.
