Global methanol markets are tightening, causing methanol prices in the US to soar
Global methanol markets are currently facing significant pressure due to the blockade of the Strait of Hormuz, a critical chokepoint that supplies over 30% of the world’s methanol consumption. Since the onset of this blockade, methanol prices have surged sharply. In the United States, methanol prices have soared by more than 40%, reflecting the severe supply constraints and heightened market uncertainty. Industry analysts anticipate that these elevated prices will persist until a diplomatic resolution is reached between Iran and the US, which could restore the flow of methanol through this vital maritime route.
