The demand for methanol has been increasing rapidly in China, especially from new downstream applications with coal-, methanol-to-olefins projects springing up in recent years. As of now, demand for methanol from CTO/MTO accounts for 50% of the total.
Glacial acetic acid price has been rocketing up since the end of April. It has increased from 4,600yuan/mt on May 2 straight up to 5,350yuan/mt on May 18, up 750yuan/mt. Discussions were ranging at 5,300-5,600yuan/mt in Jiangsu Province, East China as of
