MTO plant profits recovering

With methanol price dropping continuously, PP to 3*methanol price is recovering rapidly to this year’s high point, indicating recovery of MTO plant profits. China MTO plant operating rate is expected to hover high, apart from some scheduled plant maintenance. Gansu Huating’s 200kt/yr MTP (methanol-to-propylene) plant, which has been idled since the start in end-2021, is poised to restart. Tianjin Bohua’s new 600kt/yr MTO plant in expected to keep stable operation after the startup in H2 Jun.