MMSA Methanol Notes – 2020-09-15

USD $67.01

MTBE margins positive, but only just. Full recovery to take time.


The methanol derivative to suffer the greatest impact from COVID-19 was MTBE. As reported in the Note in early summer, profitability for a hypothetical Middle Eastern MTBE producer plummeted to negative levels for the first time in over 13 years. A global collapse in demand for gasoline precipitated a cessation in MTBE demand in early Q2.