MMSA Methanol Notes – 2020-04-14
China Methanol Apparent Demand – Slowed, yet Substantial as Recovery Thoughts are Framed
While 2020 has seen demand growth reduction resulting from the global pandemic, not all news is negative for the methanol industry. China, the world’s largest methanol producer and consumer, has clearly slowed, with a nearly 25-year streak of continuous demand growth at risk. Yet data and MMSA analysis suggest that the slowdown will not exclude the country from showing slight positive growth by the end of this year, as China has seen the worst of the pandemic and given a gradual recovery of global economies by the end of this year.