The hottest methanol exports increased significant

2022-08-08
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Methanol exports increased significantly, mainly to South Korea and Southeast Asia. According to the latest data released by the General Administration of customs, from January to August, China imported 3.5506 million tons of methanol, a year-on-year increase of 12.53%, down nearly 8 percentage points from the cumulative year-on-year growth rate of 20.52% from January to July. In terms of exports, 462900 tons were exported from January to August, 12 times that of the same period last year, significantly exceeding the annual export volume last year

in August, China's methanol import volume was 25.9, and the lower display showed an experimental force of 70000 tons, with a month on month decrease of 45.36% and a year-on-year decrease of 38.84%. Among them, hr15n imported only 98600 tons of methanol from Iran, the first source of methanol imports, a decrease of 57.53% compared with 232200 tons in July. 81700 tons of methanol were imported from Oman, an increase of 12100 tons compared with July. Teng Haiqiang, mayor of Yucheng City, Saudi Arabia, and Qatar, which are other major sources of methanol imports, said that their exports to China decreased in August. This is mainly because some units in Southeast Asia and the Middle East are still shutting down or reducing production, and the external supply continues to be tight. The supply of methanol in the Middle East to the European and American markets increases, and the output to China decreases accordingly

in terms of export, the export volume of methanol in China in August was still high, which was slightly reduced to 92600 tons compared with the export volume of 99700 tons in July. As some units in Southeast Asia continue to stop production or reduce production, and the market supply is tight, the main export countries of methanol in China are still South Korea and Southeast Asian countries

since late September, some plants in Southeast Asia and the Middle East have started to restart one after another. At that time, the global methanol supply will increase. According to the research center of e-trade, China's import volume in September will increase compared with that in August

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