Methanol or methyl alcohol (CH3OH) is a compound that belongs to the group of alcohol. It comprises of a methyl group and a hydroxy group linked together. The destructive distillation of wood produces methanol. It is prepared by reacting carbon monoxide gas with hydrogen in the presence of a catalyst. An essential chemical for chemical synthesis, methanol is a colorless liquid with a melting point measuring –97.6° C and a boiling point around 64.96° C.
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The key importing countries for Methanol are India, Vietnam, and Netherlands. On the other hand, the key exporting countries include Iran, Germany, and the United States.
Key Details About the Methanol Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Methanol Price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Methanol Price Trends, including India Methanol Price, USA Methanol Price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Methanol Price Trend:
Methanol is the key ingredient in acetic acid, ethylene, propylene, and formaldehyde. It is an additive in these chemicals, acting as an intermediate compound to make derivative products. Acrylic plastic is one of the derivative products manufactured using acetic acid and formaldehyde, which is produced using methanol as its base ingredient.
Additionally, methanol is used to make synthetic fibers, adhesives in plywood used in construction, Fibers used for clothing, various chemicals used in agriculture and pharmaceutical industries, etc.
Key Players:
- Zagros Petrochemical Co.
- Sichuan Lutianhua Co., Ltd.
- Methanex Corporation
- Ar-Razi Saudi Methanol Co. (SABIC)
- Yankuang Group
- Proman AG
News & Recent Development
- Date: March 22. 2023– “Our feeder has a dual fuel engine and will be able to operate on green methanol,” says Maersk, the danish container shipping major, while sailing the first methanol-powered vessel.
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