December 2006

Trends and Resources

HP Impact: Outlook complex for global methanol supply and demand

Methanol prices have steadily climbed over recent months, without a huge fundamental shift in supply and demand, according to an analysis by Jim Jordan, of Jim Jordan & Associates. The US market suffe..

Weirauch, Wendy, Hydrocarbon Processing Staff

Methanol prices have steadily climbed over recent months, without a huge fundamental shift in supply and demand, according to an analysis by Jim Jordan, of Jim Jordan & Associates. The US market suffered a significant methanol loss with the phaseout of MTBE – a loss of 1.5 million metric tons (MMton). However, higher prices were sustained due to a recent period of unprecedented outages of major contributors. Five sizable producers experienced unplanned shutdowns over a four- to six-week period. Prices in Europe and the US have steadily inclined as methanol prices followed rising crude oil prices. Tight supplies and low inventories will allow producers to pass higher prices to consum

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