Methanol imports expected to reduce

Interruptions of plant operations have been frequently heard in Iran since early Jul. Kaveh’s 2.3 million mt/yr methanol plant was shut on Jul 2 due to technical issue. Busher’s 1.65 million mt/yr plant was shut in mid-Jul and Marjan’s 1.65 million mt/yr plant was also taken offline in mid-Jul due to technical issue. Cargoes loaded from Iran reduce and China’s methanol imports in Aug are anticipated to shrink.