Overseas methanol supply contraction provides strong cost support

ChemPriceHub, November 4:

Trinidad’s Titan methanol plant remains indefinitely shut down due to ongoing natural gas contract issues. In North America, plant operations are closely tracking fluctuations in natural gas costs. Meanwhile, steady local demand in Southeast Asia and a slow pace of new capacity additions mean the region is unlikely to fill the supply gap left by Iranian cargoes. With international crude oil prices remaining elevated and natural gas costs rising, there is strong cost support for overseas methanol production.