MMSA Methanol Notes – 2020-02-18
US Methanol Apparent Demand – 2019 Growth Confirmed, US Eyes COVID-19 Impacts in 2020
With the benefit of a full year’s data, it can be confirmed that United States methanol demand growth in 2019 mimicked the US macroeconomic growth, despite a bumpy year. Formaldehyde, and acetic acid consumption of methanol have slightly outpaced economic growth, whereas the biodiesel sector had another calendar year decline. With USGC facilities have been running at suboptimal rates, net trade of methanol remained positive in 2019, (i.e. the country continues to import more methanol than it exports), with signs that this position might continue another year unless rates improve.