Methanol Price, Historical Charts, Forecasts & News

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Methanol is the simplest, most volatile liquid solvent. It is colourless and has a faint, sweet, pungent smell similar to ethyl alcohol and poisonous to humans. It is entirely soluble in water and produces slightly heavier vapours than air. It is the key chemical ingredient for hundreds of daily products such as paints, construction materials, plastics, car parts etc. It is the simplest compound among many organic compounds named alcohols comprising a methyl group merged with a hydroxy group.

Saudi Arabia, Trinidad and Tobago, United States, Oman, and United Arab Emirates are the leading global producers of Methanol.

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, pricing database, and analysis can prove valuable for the 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:

Methanol price trend is being impacted by the Industrial uses like its use as a clean energy resource that acts as fuel for cars, buses, and ships, among other vehicles. It also produces several different chemicals, such as acetic acid. Due to its chemical properties, it can either lower the freezing point or increase the boiling point of any water-based liquid, which makes it ideal for its use as an antifreeze in windshield washer fluid as well as in natural gas pipelines, for decreasing the freezing point of water during the transport of gas and oil. Its derivatives are added in considerable amounts to make compounds such as resins, perfumes, synthetic dyestuffs, and pharmaceuticals.

Key Market Players:

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

News and Events:

• September 20, 2022 - As the shipping industry evolves, shifting to methanol for substituting fuel, concerns over sourcing and supply continue. A start-up based in California, WateFuel, being funded by NetJets and Maersk, has succeeded in developing a technology that converts municipal solid waste to low-carbon fuels to meet the rising green methanol demand.

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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 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 track 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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