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According to foreign media news, after the shutdown of some domestic methanol to olefin (MTO) plants, China's methanol import demand may remain weak in June, and methanol prices have begun to fall
after a strong rebound in early April.
Some domestic MTO producers in China have shut down their installations, either because of planned shutdowns or because profits have been squeezed
.
According to Axis data, the average operating rate of MTO plants in China last week was only 69%.
China's two largest MTO producers have decided to resell
some of their imported methanol to the eastern Chinese market.
China is a major importer of methanol, with monthly imports of about 680,000 tonnes
.
In March, China's actual methanol imports reached 730094 tonnes
.
According to foreign media news, after the shutdown of some domestic methanol to olefin (MTO) plants, China's methanol import demand may remain weak in June, and methanol prices have begun to fall
after a strong rebound in early April.
Some domestic MTO producers in China have shut down their installations, either because of planned shutdowns or because profits have been squeezed
.
According to Axis data, the average operating rate of MTO plants in China last week was only 69%.
China's two largest MTO producers have decided to resell
some of their imported methanol to the eastern Chinese market.
China is a major importer of methanol, with monthly imports of about 680,000 tonnes
.
In March, China's actual methanol imports reached 730094 tonnes
.
