XTrail schreef op 2 september 2019 14:54:
Q2 : Supplies of US methanol were sufficient to meet demand in the second quarter despite the logistics issues preventing product from moving through the Houston Ship Channel following the fire at the Intercontinental Terminals Company (ITC) tank farm. Players stabilised their inventories during the incident and have maintained the same levels since. For the first four months of 2019, US methanol exports increased by nearly 40% compared to the same time in 2018.
US methanol demand entered a seasonally sluggish period with the number of spot trades tapering off during the quarter. Furthermore, domestic demand failed to return to levels before the fire at ITC. Spot prices in the US plummeted to a two-year low, but that was largely attributed to a decline in crude oil prices.