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Methanol: expected increase in demand in the second half of the year

Methanol: expected increase in demand in the second half of the year

  According to statistics from Zhongyu, the total downstream consumption of methanol in China in the first half of 2018 reached about 26 million tons, an increase of about 3% compared with the same period of last year, and the growth rate slowed for five consecutive years. Among them, the emerging downstream demand accounted for more than 70%, the total amount exceeded 18 million tons, an increase of 8% or so, and the traditional downstream demand decreased by about 9% year-on-year, only around 7.5 million tons (only about 40% of the emerging downstream demand) . MTO/P demand continues to grow steadily. Under the influence of environmental protection and Qingdao meeting, most traditional downstream demand has decreased year-on-year, with formaldehyde decreasing the most, around -30%.

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