The impact of the global pandemic, with all its unknowns, has been considered in the most recent update to the global MMSA supply and demand balances. Methanol demand is slowing, and expected to drop significantly in the current quarter, especially in the US and Europe as those two economies shut down major portions of their construction and auto industries. Export goods demand in China will slow, although early year, pre-COVID demand in China was surprisingly strong, and as that country comes back to work, their domestic economy is expected to recover.
MMSA Methanol Notes – 2020-04-07
2Q 2020 MDA Supply and Demand Forecast Updates Uploaded – Global Methanol Demand Growth Leveled Temporarily by COVID-19 in 2020