World methanol market to soften in 1998

World outlook for methanol [52307 bytes] Contrary to many earlier predictions, the world methanol market is not necessarily headed for a serious capacity surplus. This is the main finding of a study by Chemical Market Associates Inc. (CMAI), Houston. CMAI's Executive Vice Pres. James R. Crocco said, "A somewhat soft global industry can be expected for the year 1998, when considering and calculating only those methanol plants that are currently under construction...and further assuming that some of the higher-cost methanol production in East Europe and some other locations will not be able to compete in the world marketplace for the foreseeable future." In 1998, capacity from ...

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