Prices of Methanol: During the second quarter of 2023 | ChemAnalyst
For the Quarter Ending June 2023 North America When compared with the previous quarter, the market fundamentals of Methanol in North America plunged in the wake of higher lower production costs and limited demand from the downstream ventures. In June 2023, the price of Methanol in the USA declined to USD 536/ton DEL Louisiana. Due to lackluster demand, high inventory levels, and a persistent pushback against shipments from the United States to the South American market, this has supported a downward trend in the spot market for Methanol. The downstream derivative market subsequently declined, has not improved, and the purchasing activities remained at low levels. Significant manufacturing units also cut their production rate to avoid stockpiles with lackluster market fundamentals. Exports of Methanol from the USA to the South American region also slumped, and the trades were mainly on a need-to basis. Methanex, the global distributor of Methanol, also traded their car...