OGJ Newsletter

10/30/2000
Market MovementMethanol markets confound expectationsInstead of the oft-predicted global surplus in supply of methanol and resulting soft prices, the market has seen a tightening supply-demand balance that occasionally yielded spot prices higher than the prices for volumes under contract-a good indicator of a robust market.Methanol demand has remained surprisingly strong, in all derivative sectors and all world re- gions, ac- cording to Chemical Market Associates Inc. (CMAI), Houston. Click here to enlarge image"Especially significant was methanol demand for formaldehyde and MTBE production, despite fears of an eventual MTBE phasedown or phaseout in the USA," CMAI said. "The economy in m...
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