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ICIS enhances supply and demand database with a new methanol dataset

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Hydrocarbon Engineering,

ICIS, a trusted source of global petrochemicals market intelligence, has enhanced its Supply and Demand Database with a new dataset, covering data for global methanol markets.

Throughout 2015, the methanol industry has begun to experience significant changes, driven largely by the North American and Northeast Asian methanol markets. Methanol-to-olefins (MTO) production in China has emerged as a major downstream industry. The growth of US methanol capacity has happened on the back of the shale gas revolution. The methanol market has also become increasingly linked with energy prices due to applications such as blending into gasoline and consumption of dimethyl ether (DME). However, muddying the waters is the unexpectedly bearish economic outlook in China - despite the continued addition of MTO capacity there.

Paul Ray, Head of Consulting & Analytics at ICIS, said: "I am very pleased that we can now offer this complementary market data set as part of our Supply and Demand Database. It allows for logical connection of 'C1' based chemistry into fuels, refining and chemical products already covered in our searchable database. We look forward to introducing this to our clients and discussing the interesting linkages and strategic implications for their business."

The ICIS Supply and Demand Database is a single searchable source of current, historical and forecast data on global petrochemical, refining and energy markets, delivering an end-to-end perspective of the global petrochemical markets, covering 160 countries and over 100 products.

The database also contains the 'Balanced View' of the complete data set - essential for those about to work on their long-term business plans. Updated annually, this is an additional feature to the regularly updated database and it is crucial for investment planning purposes, where consistent and integrated data is required. The addition of a methanol dataset enables users to better understand market trends and therefore react quickly and with more confidence than ever before.

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