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October 18th, 2024

Methanol Price | Prices | Pricing | News | Database | Chart

North America

In Q2 2024, Methanol prices in North America saw a strong upward trajectory, driven by a combination of market factors. The quarter was characterized by increased demand from downstream industries such as Formaldehyde and adhesives, along with constrained global supply due to production disruptions and logistical challenges in June 2024.

A key development was Methanex’s decision to raise Methanol prices, reflecting high purchasing activity and more favorable contract terms. This move was supported by announcements of supply interruptions, particularly the idling of key production plants due to restricted gas supplies, further tightening the market.

In the U.S., Methanol prices experienced the most significant changes, with a bullish trend driven by seasonal demand increases for construction materials and industrial applications. Strong market fundamentals and consistent consumption from the upstream coal sector fueled the price rise. Prices jumped by 25% compared to Q2 2023, highlighting a strong market recovery. Compared to the previous quarter, prices rose by 10%, continuing the steady upward momentum. By the end of Q2 2024, Methanol prices in the U.S. stood at USD 662/MT DEL Louisiana.

Get Real Time Prices for Methanol : https://www.chemanalyst.com/Pricing-data/methanol-1

APAC

The Methanol market in the APAC region during Q2 2024 underwent notable shifts, moving from bearish to bullish. Aggressive spot offers and intense competition among regional sellers led to an oversupply in April 2024, while a seasonal demand dip—driven by the monsoon affecting industries like plywood and laminates—resulted in cautious buying. Additionally, planned maintenance shutdowns and the gradual resumption of several chemical plants created a volatile supply situation, driving prices lower in May 2024.

The quarter was marked by complex supply-demand dynamics, rising freight costs, and fluctuating feedstock prices, leading to higher Methanol import prices across the region in June 2024. Japan saw the largest price changes in the region, signaling a significant shift in its Methanol market. By the end of Q2, Methanol prices in Japan reached USD 318/MT CFR Nagoya, underscoring a positive pricing environment.

Europe

In Q2 2024, Methanol prices in Europe remained stable to bullish, influenced by balanced supply and demand dynamics. Sufficient inventories and cautious purchasing behavior in April 2024 characterized the market, with key countries like the Netherlands, Germany, and France maintaining adequate supplies to meet downstream demand. Buyers were able to replenish their stocks without urgency, reflecting a cautious approach amid ongoing market uncertainties in May 2024.

However, Methanol prices surged by 61% compared to the same quarter in 2023, driven by post-pandemic recovery and increased demand. Rising feedstock costs, especially for thermal coal and natural gas, contributed to higher production costs, pushing Methanol prices higher by June 2024.

Get Real Time Prices for Methanol : https://www.chemanalyst.com/Pricing-data/methanol-1

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