November 2002

Trends and Resources

HP Impact: Methanol: next capacity wave in 2004

Just prior to 2002, U.S. natural gas costs averaged $10/million Btus (MMBtu). This resulted in $300/ton methanol prices in the spot market, according to a new outlook from CMAI (www.cma..

Weirauch, Wendy, Hydrocarbon Processing Staff

Just prior to 2002, U.S. natural gas costs averaged $10/million Btus (MMBtu). This resulted in $300/ton methanol prices in the spot market, according to a new outlook from CMAI (www.cmaiglobal.com). By 4Q 2001, the tragic September 11 events crippled the U.S. economy and then engulfed the globe. Methanol spot pricing fell below $100/ton, forcing producing unit shutdowns and/or rate reductions in response to declining demand and the serious oversupply situation. As 2Q 2002 began, the return of the U.S. economy outpaced methanol supply and the industry was thrown into a tight supply and demand imbalance. Continuing lost pr

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