The methanol market has changed the previous pattern of excess capacity, turn to the direction of the development of tight balance between supply and demand, by the end of 2016 or even a supply shortage state.

From the view of productivity growth, in 2017 the surface will once again enter the high delivery mode, but in fact is the next year a large number of production of coal methanol to olefins integrated device. Next year, about 15000000 tons of methanol production capacity on the downstream, but only 3 million 170 thousand tons of methanol production possibility to exclude no support, low production capacity, only 1 million 270 thousand tons of methanol have a real impact on the market, so in 2017 the actual capacity is not much.

At the same time, rising domestic operating space is limited, this year’s national average started only in 67% to maintain, even at the end of the production profit is very good, also started to always maintain this level, the domestic supply elasticity of poor performance. In 2017, the environmental pressure is inevitable, the gas head capacity or improved but finite volume, considering the regional spread, the expected output to the East is still limited.

The East China market more mainland enterprises under methanol output in the import market. But next year the international methanol is mainly about 2 million 660 thousand tons of new Iran in the second half production and the United States until the end of the gradual release of 1 million 750 thousand tons of three units, the first half of the new co.. From a global point of view of supply and demand, methanol market and the existence of the time difference, the first half of the second half of methanol is tight, loose even better.