There has been consistent soaring up in the Methanol prices in last few weeks. The supply has become short due to US policy on Iraq and along with fresh turnarounds by European manufacturers. Russia one of the major supplier has put an halt on supply of dangerous products via train. This includes Methanol as well. Acetic acid exports from Russia have also reduced in this period. The other major manufacturer of Methanol Equinor based in Norway will carry out maintenance in June at its sit based at Tjeldbergodden. BioMCN based at Netherlands will also shut down its Methanol plant soon. All these conditions had an adverse impact on the supply of Methanol in international market.
