Methanol Prices Gain Across Major Markets as Supply Risks Escalate

Methanol prices surged sharply across India, China, and Germany during the week of July **, ****, as three distinct but interconnected shocks — the expiry of India&#**;s customs duty exemption, the re-escalation of US-Iran conflict disrupting Strait of Hormuz traffic, and a supply tightening event at a major European production facility — converged to drive the most significant synchronized methanol price advance across these three markets in ****.

In India, methanol prices gained +**.*** — by far the largest weekly price movement among global methanol benchmarks — following the expiry of the customs duty exemption on ** critical petrochemical products as of July **, ****, with no further notice of extension from the government as of July **. India&#**;s temporary import duty waiver on ** critical petrochemical products expired on July **, ****, reinstating a *.** basic customs duty to...