MMSA Methanol Notes – 2021-08-17
MTO Affordability – Slim Non-Integrated Margins Keep Lid on Price Rises
MTO affordability remains a major influence on global methanol markets. When methanol prices are “affordable,” the large MTO consuming sector of demand is engaged, and markets tend to tighten globally. The opposite has been noticed, as well. MTO economics have been suboptimal over the past year, with hypothetical non-integrated MTO cash margins barely positive over that span, and yet with operations at a relatively high rate. In the past three months….