Global methanol prices soar in response to Middle East war

Global methanol markets have reeled in the wake of the war in Iran, with prices in India reaching an over-four-year high on acute supply concerns, while Southeast Asia prices hit all-time highs. In the Atlantic Basin, European spot prices have risen about 47% since the war started Feb. 28, despite unchanged fundamentals and minimal reliance on Middle East imports, while US prices rose only 18%, onGlobal methanol markets have reeled in the wake of the war in Iran, with prices in India reaching an over-four-year high on acute supply concerns, while Southeast Asia prices hit all-time highs. In the Atlantic Basin, European spot prices have risen about 47% since the war started Feb. 28, despite unchanged fundamentals and minimal reliance on Middle East imports, while US prices rose only 18%, onRead More