Methanol usage in the energy sector is widely used in China due to a number of reasons unique to the nation such as the cheap and abundant supply of coal as feedstock for making methanol.
Refining margins in China are currently negative due to lower price of gasoline and even much lower methanol prices. The factor is also driven by transportation infrastructure where local auto manufacturers are looking to capture energy market share with 'low running costs' and the Chinese government was pushing for coal to replace part of energy derived from crude.
Refining margins in China are currently negative due to lower price of gasoline and even much lower methanol prices. The factor is also driven by transportation infrastructure where local auto manufacturers are looking to capture energy market share with 'low running costs' and the Chinese government was pushing for coal to replace part of energy derived from crude.
No comments:
Post a Comment