Is There Light at The End of The Tunnel for Methanol and Acetyls Markets in 2023?
Methanol and Acetyls markets are facing economic pressure from high feedstocks prices and a threat to growth from the end of the first wave of MTO capacity build in China and the electrification of the vehicle fleet. Long-term demand has taken a hit as elevated consumer prices and higher interest rates constrain consumer spending.
Will the methanol and acetyls markets get back on track in 2023? What are the implications of these factors on trade and profitability in the industry?