- Term volume fulfils SE Asia demand- India ex-tank deals around
Rupee 27.50/kg





Market sources indicated that the Southeast
Asia methanol market fundamentals will be stable in March, with end-user demand
largely satisfied by term volumes. Sources
expect that trading activity will slow before Ramadan. According
to local media reports, the Indonesian government stated that its B35 biodiesel
programme implemented February 1st was in operation and that it is committed to
continuing with the program. As a feedstock for palm methyl
ester, the switch to B35 from b30 requires an additional 150,000-195,000mt/year
in methanol. According to market sources, the program is
still in its infancy and incremental demand is still not expected. The gasoil
pool in Indonesia now contains 35% palm methyl ester. CFR
Southeast Asia methanol stable starting February 24th at $375/mt February 27. At the...