How will the pandemic affect methanol market

How will the pandemic affect methanol market?

The direct impact is on logistics for methanol market, and then on downstream demand. Feedstock supplies to methanol plants reduce and it is difficult for some producers to deliver goods, due to fewer cars available caused by the pandemic. In addition, some highways are shut due to the measures to curb the pandemic. Therefore, the duration for logistics gets longer and the efficiency of material turnover for the companies turns lower. As a result, some methanol plants cut operating rates and some in the areas under control even get shut. Picking up of goods from the port reserve areas is also slowed down