Methanol Price History and Forecast Analysis Provided by Procurement Resource

Methanol or methyl alcohol (CH3OH) is a compound that belongs to the group of alcohol. It comprises of a methyl group and a hydroxy group linked together. The destructive distillation of wood produces methanol. It is prepared by reacting carbon monoxide gas with hydrogen in the presence of a catalyst. An essential chemical for chemical synthesis, methanol is a colorless liquid with a melting point measuring –97.6° C and a boiling point around 64.96° C.

Request for Real-Time Methanol Prices:

The key importing countries for Methanol are India, Vietnam, and Netherlands. On the other hand, the key exporting countries include Iran, Germany, and the United States.

Key Details About the Methanol Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Methanol Price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Methanol Price chart, including India Methanol Price, USA Methanol Price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Methanol Price Trend:

Locanto Tech

The Methanol Price Trend and Methanol Price Index reveal fluctuations in the cost of methanol, a crucial component in acetic acid, ethylene, propylene, and formaldehyde production. Methanol serves as an additive in these chemicals, functioning as an intermediary compound to create derivative products. Acrylic plastic, derived from acetic acid and formaldehyde, relies on methanol as its foundational ingredient.

Moreover, methanol plays a pivotal role in manufacturing synthetic fibers, adhesives for construction plywood, textiles, and a variety of agricultural and pharmaceutical chemicals. Understanding Methanol Prices and Price Trends is essential for industries reliant on methanol as a key resource.

Key Players:

  • Zagros Petrochemical Co.
  • Sichuan Lutianhua Co., Ltd.
  • Methanex Corporation
  • Ar-Razi Saudi Methanol Co. (SABIC)
  • Yankuang Group
  • Proman AG

News & Recent Development

  • Date: March 22. 2023– “Our feeder has a dual fuel engine and will be able to operate on green methanol,” says Maersk, the danish container shipping major, while sailing the first methanol-powered vessel.

About Us:

Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

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Company Name: Procurement Resource
Contact Person: Amanda Williams
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