The China Import Gap

Ongoing maritime disruptions have effectively halted Iranian export flows to Asian manufacturing hubs. This has left a massive supply gap that Chinese domestic producers are struggling to fill despite high coal output.

Downstream MTO Support

Coastal Methanol-to-Olefins (MTO) plants are running at high rates to capture the lack of competitive supply from naphtha-based crackers, keeping a high-pressure bid in the spot market.