Highlights
In H1, 2022, China’s methanol market fluctuated downwards after rising to a high level, and the mainstream prices went lower from H2, 2021 but higher from H1, 2021. In Jiangsu, the mainstream prices were RMB 2,600-3,000/mt in the first half of the year, influenced by macro-environment changes, high feedstock prices, temporary supply tightness, newly added downstream unit, inventory growth and other factors.
Against the background of geopolitical escalation, the prices of energy products including international crude oil, coal and natural gas have risen to varying degrees, which supported the chemical market from the cost side. On the supply side, China’s steam coal prices remained at a relatively high level in H1, exerting heavy cost pressure on methanol producers and bolstering methanol prices from the bottom. From January to June, China’s methanol output was 38,350kt, up 2.43% Y-O-Y. At the same time, the methanol cargoes from certain country in the Middle East and South America flowed into China steadily. The import volume from a few European countries also increased somewhat. Thus, the total import volume ramped up. In H1, China’s methanol import volume was about 6,130kt, up 4.78% Y-O-Y. On the demand side, the methanol consumption growth in the CTO/MTO industry was limited, and the consumption from traditional downstream industries was also lukewarm. Driven by the development of the new energy vehicle industry, the demand for electrolyte surged. The methanol consumption from silicone and DMC which are involved in the new materials and new energy fields increased notably. In H1, the methanol consumption volume from sample downstream industries was about 35,340kt, up 4.86% Y-O-Y.
For the second half of the year, the changes in cost and fundamentals will remain as the major price drivers, and China’s methanol market will continue to face many challenges.
With the methanol industry supply and demand growth slowing down constantly, the demand variation and trend have attracted much attention. For the upcoming 2023, what changes will the global methanol consumption have? Whether there will be new demand growth points? Will high-cost methanol affect the competitive advantage of the MTO industry, the production of existing units and the commissioning of newly added ones. Will methanol producers take measures to improve their competitiveness? What adjustments will the regional methanol industry structure experience?
SCI methanol annual report maps out how China’s methanol market will evolve in the next five years, notably through comprehensive historic data and in-depth analysis on the whole industrial chain, so as to strongly assist customers to judge the market and grasp opportunities.
Report Value
1. New patterns of global methanol trade flow
2. Demand shifts and industry highlights in different downstream fields
3. Tug of war between methanol supply and demand under new inventory status
4. Changes in value re-distribution of methanol industrial chain
Contents
Part 1 Methanol Market Overview
Part 2 2018-2022 China Methanol Supply-Demand Balance Analysis
Part 3 Methanol Supply Pattern and Variation Trend Analysis
3.1 2022 Global Methanol Capacity Analysis
3.1.1 Global Methanol Capacity Regional Layout
3.1.2 2022 Global Methanol Trade Flow Analysis
3.2 2018-2022 China Methanol Capacity Variation Analysis
3.2.1 China Methanol Capacity Concentration Degree Analysis
3.2.2 China Methanol Capacity Regional Layout Analysis
3.2.3 2021 China Methanol Trade Flow Analysis
3.2.4 2023-2027 China Newly Added Methanol Capacity
3.3 2018-2022 China Methanol Output/Operating Rate Analysis
3.4 China Methanol Import Market Analysis
3.4.1 2018-2022 China Methanol Import Data Analysis
3.4.2 2022 China Newly Added Imports Analysis
3.4.3 2022 China Regional Import Volume Variation Analysis
3.5 2018-2022 Methanol Port Inventory Data Analysis
3.6 2020-2022 Methanol Producer Inventory Data Analysis
3.7 Methanol Storage and Logistics Analysis
3.8 2023 China Methanol Supply Forecast
Part 4 Methanol Demand Pattern and Variation Analysis
4.1 2018-2022 International Methanol Consumption Volume Variation Trend Analysis
4.2 China Methanol Consumption Volume Variation Trend Analysis
4.3 2018-2022 China Methanol Export Market Analysis
4.4 China Methanol Consumption Structure Analysis
4.5 China Methanol Consumption Structure Analysis by Region
4.6 China Methanol Downstream Industry Customer Scale and Demand Variation Analysis
4.7 China Major Methanol Downstream Industry Customer Scale Analysis in Key Areas
4.8 2023-2027 China Methanol Downstream Demand Growth Forecast
4.9 2023-2027 China Methanol Consumption Volume Forecast
4.10 Methanol Consumption Peak and Off Seasons Analysis
4.11 Key Downstream Purchasing Factors Analysis
4.12 Methanol Operation Risks and Barriers Analysis
Part 5 Methanol Price Trend Analysis
5.1 China Inland Methanol Market Analysis
5.2 China Coastal Methanol Market Analysis
5.3 International Methanol Market Analysis
5.4 Methanol Futures Market Analysis and Influence on Spot Market
5.5 Related Product Price Co-Movement Analysis
5.5.1 Methanol and Major Downstream Products Price Co-Movement Analysis
5.5.2 Methanol and Related Products Price Co-Movement Analysis
Part 6 Methanol Industry Development Outlook
6.1 2023-2025 Methanol Price Trend Forecast
6.2 Methanol Market Driver Development Forecast
6.2.1 Macro-Economy Influence Analysis
6.2.2 Industrial Policy Influence Analysis
6.2.3 Production Technology Comparison
6.2.3.1 Methanol Profit Comparison by Production Technology
6.2.3.2 Production Technology Development Trend
6.2.4 2023-2027 China Methanol Supply-Demand Balance Forecast
6.2.5 Methanol Market Competition Pattern Analysis
6.2.5.1 2023-2027 Global Methanol Trade Flow Forecast
6.2.5.2 2023-2027 China Methanol Trade Flow Forecast
6.2.6 Value Chain Analysis and Forecast
6.2.7 Related Product Price Co-Movement Forecast
6.3 2023 Major Price Driver Influence Extent Analysis
Appendixes:
1. Methanol Industry Hotspots
2. Methanol Market Annual Events
3. Methodology and Related Definition
4. China Methanol Capacity List
5. Tables, Charts and Enterprise Names
Legal Statement