There has been slight lowering in Methanol India prices. Last week the prices were assessed in the range of USD 235-255/MT lowered by USD 5/MT in compare to last week’s closing values. As per market players in near term methanol market is anticipated to remain bearish.
The China based Sailboat Petrochemical plans to raise the run rate of MTO unit in July, while Changzhou Fund Energy is unlikely to see an early restart of MTO plant.
