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Originally aired: December 16, 2015
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The global methanol market grew by 7mn t in 2015 (excluding CTO), but for many was a disappointment. As in recent years, this 10pc year-over-year growth was led by China’s increasing appetite for methanol—namely MTO and fuel blending. Expectations were higher, with industry supply struggling to keep pace, underpinning firm pricing. The latter failed to materialize, setting a cautious stage for 2016. Argus JJ&A forecasts 2016 methanol industry demand to grow by another 7mn t—again led by China’s MTO and fuel blending sectors. However, prolonged low crude oil prices and macro-economic growth cloud the outlook.
Listen to this webinar as Argus JJ&A’s Dave McCaskill, VP Methanol & Derivative Services, shares his 2016 views on:
- Methanol industry supply and demand
- China cash-cost structure
- MTO growth and affordability
- Major market price outlook