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European methanol prices expected to dip in Q1
11 Jan '13
1 min read
Methanol prices are expected to decline in Europe in the first quarter of 2013, due to improved supply conditions, say market experts. However, they are unable to predict the exact value of decline.
Downstream buyers are concerned about the conditions of the economy but hope that Methanol demand will be stable.
Market sources reported that tight supply conditions in the market in the fourth quarter of 2012 were because of production problems at the plants. Some larger plants underwent planned and unplanned shutdown in Q4 last year, which resulted in lesser production.
Prices were hovering around US$ 330-335/ton in the early days of December, 2012 and have showed stable-to-soft trend since then. Prices were assessed in the range of US$ 320-325/ton FOB Rotterdam in the last week of 2012.
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