Asian Methanol: The prices are stable because the run
rates have been reduced by the
producers- Basics
mixed in China- Increase
in India's trading activityIn the week ending July 29, the downward
momentum in Asian Methanol prices seemed to have waned as methanol producers
reduced operating rates and investors took advantage of bullish sentiment in
the crude oil futures and methanol markets. China's fundamentals were
mixed. There was strong demand, but little downstream activity in the polymers,
ethyleneglyls, and plasticizers sectors. According
to reports, methanol producers have seen a decrease in production. Fanavaran Petrochemical Company, Middle East Kimiaye Pars
Co. Iran's methanol plants denied that they had stopped operating in market
talks. The sentiment was boosted earlier
when Bushehr Petrochemical Company, Marjan Petrochemical Company, and their
respective methanol plants of 1.65 million mt/year capacity were taken offline...