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srcSet="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2F05-chemicals%2Fmarket%2Fmobile%2Fherobanner390x620_methanolpage.jpg%3Fh%3D620%26iar%3D0%26w%3D390%26rev%3D-1%26hash%3DE532B20E4392F6EFFBD7AE18AADC68AB&w=640&q=75 1x, /_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2F05-chemicals%2Fmarket%2Fmobile%2Fherobanner390x620_methanolpage.jpg%3Fh%3D620%26iar%3D0%26w%3D390%26rev%3D-1%26hash%3DE532B20E4392F6EFFBD7AE18AADC68AB&w=828&q=75 2x" src="/_next/image?url=%2F-%2Fmedia%2Fproject%2Fargusmedia%2Fmainsite%2Fimages%2F05-chemicals%2Fmarket%2Fmobile%2Fherobanner390x620_methanolpage.jpg%3Fh%3D620%26iar%3D0%26w%3D390%26rev%3D-1%26hash%3DE532B20E4392F6EFFBD7AE18AADC68AB&w=828&q=75"/><div class="HeroBanner_container___RcE5 container"><div class="row"><div class="col-12 col-lg-6 offset-lg-1"><div class="HeroBanner_titleAndDescription__0Cj9_"><h1 class="qa-banner-title">Methanol</h1><div class="h4 qa-banner-description">Prices, forecasts and analysis for global methanol markets</div></div></div></div></div></div></div></div><div class="component small grey "><div class="component-content"><div class="PageSubnavigation_container__yH3q7 qa-subnavigation-bar container"><div class="PageSubnavigation_outer__ocRn_"><div class="PageSubnavigation_bar__Cf50a"><a href="#overview" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Overview</a><a href="#news" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Latest news</a><a href="#spotlight" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Spotlight content</a><a href="#products" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Explore our methanol products</a><a href="#events" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Related events</a><button type="button" class="PageSubnavigation_showMore__2Z47G cta "></button></div></div><div class="PageSubnavigation_drawer__lxQUi grey " style="left:0px"><div class="container"><div class="PageSubnavigation_drawerInner__Q_bJs"><div class="PageSubnavigation_drawerItems__AwukY"><a href="#overview" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Overview</a><a href="#news" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Latest news</a><a href="#spotlight" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Spotlight content</a><a href="#products" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Explore our methanol products</a><a href="#events" class="qa-subnavigation-anchor PageSubnavigation_item__mBuP2 cta bar " title="">Related events</a></div></div></div></div></div></div></div><div class="component component-padding PageIntroduction_pageIntroduction__BoFDD white" id="overview"><div class="component-content"><div class="container"><div class="PageIntroduction_row__DH0rm row"><div class="col-12 col-lg-8"><div class="qa-pageintroduction-section"><h2 class="qa-pageintroduction-title">Overview</h2><div class="PageIntroduction_description__hOYK7"><div class="qa-pageintroduction-textfield"><p>The global methanol industry has suffered in recent years. First COVID-19, then the Russia-Ukraine conflict, followed by global inflation, stagnation and downward revised GDP forecasts. It is hoped 2022/2023 will be the performance valley for the sector, looking toward an improved—but still slowed—outlook. The huge China methanol appetite has slowed. The MTO sector sees minimal growth ahead. The rest of the world will have to generate increased demand, but with much of this sector tied to GDP performance, the outlook here too is reserved. New capacity continues to define the landscape, with several new units expected in the coming months. </p> <p>Pricing is spiking in Q4’23 due to a myriad of methanol production outages around the world. Production will return and prices weaken some. However, the outlook is for the olefins and olefin derivative sectors to finally end their respective down cycles. Olefin/derivative prices are expected to improve, driving higher MTO methanol affordability values. The rest of the methanol industry is expected to follow China’s MTO methanol price strength.</p> <p> Argus’ experts will help you determine what trends to track and how to stay competitive in today’s ever-changing global markets.</p></div></div></div></div></div></div></div></div><div class="component component-padding navy " id="news"><div class="component-content"><div class="container"><div class="row"><div class="col-12 col-lg-7"><h2 class="qa-combinedfeed-title section-heading">Latest methanol news</h2></div></div><div aria-live="polite" class="Tabs_tabs__tVXxO secondary"><div class="qa-tabspanel-list Tabs_panel__uEe2n current" role="tabpanel"><div class="row"><div class="col-12 col-lg-6"><a class="qa-combinedfeed-primary-item News_link__TcfaC News_primary__Fop2j white" href="/ja/news-and-insights/latest-market-news/2660306-s-korea-s-sk-chemical-to-build-plastic-waste-facility"><div class="News_primaryInner__9SOga"><div class="qa-combinedfeed-item-eyebrow News_meta__Gc4kJ News_category__qm0Jk h5">Latest methanol news</div><div class="qa-combinedfeed-item-date News_meta__Gc4kJ News_date___zoLz h5">25/02/21</div><hr class="News_hr__BZset"/><h3 class="qa-combinedfeed-item-title News_headline__JsnZr h2 d-none d-lg-block">S Korea's SK Chemical to build plastic waste facility</h3><h3 class="qa-combinedfeed-item-title News_headline__JsnZr d-lg-none">S Korea's SK Chemical to build plastic waste facility</h3><p class="qa-combinedfeed-item-summary News_summary__eRMnt">Shanghai, 21 February (Argus) — South Korean producer SK Chemical will establish a Recycle Innovation Centre (RIC) at its Ulsan petrochemical complex, where eco-friendly chemical materials are produced, the firm announced on 18 February. The company will invest in new pilot facilities for the chemical decomposition of plastic waste to produce recycled BHET (r-BHET), an intermediate raw material in the production of PET and copolyester. SK Chemical aims to start up the depolymerisation pilot facility in 2026 with production capacity of 50 t/yr of r-BHET. The plant is integral to SK Chemical's chemical recycling technology and will be linked with existing commercial copolyester production facilities. The pilot facility is part of SK Chemical's efforts to process and reuse plastic waste that is difficult to recycle. The facility will validate commercialisation technology for various low-quality plastic waste types that were previously difficult to recycle using conventional methods, including textiles, fibres, films, and automotive parts. Recycling textiles is known to be highly challenging because of the diverse forms and material types mixed in a single garment, including polyester yarn as well as fibres such as cotton and various accessories such as buttons. SK Chemical previously established a PET chemical recycling plant in Shantou in south China's Guangdong province after purchasing Guangdong Shuye's r-BHET and chemically recycled PET (r-PET) units in 2022 to strengthen its recycled plastic business. The Shantou plant can now produce 70,000 t/yr of r-BHET and 50,000 t/yr of r-PET pellets. Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.</p></div><span class="qa-combinedfeed-item-cta cta d-none d-lg-inline-flex"></span></a></div><div class="col-12 col-lg-6"><div class="News_secondaryGroup__CVF5i"><a class="qa-combinedfeed-secondary-item News_link__TcfaC News_secondary__4Pe3A white" href="/ja/news-and-insights/latest-market-news/2659725-us-housing-permits-tepid-in-jan-pu-outlook-unchanged"><div class="News_secondaryOuter__68Cw0 d-none d-lg-flex"><div class="News_secondaryInner__T663Z"><div class="qa-combinedfeed-item-eyebrow News_meta__Gc4kJ h5">Latest methanol news</div><h3 class="qa-combinedfeed-item-title News_headline__JsnZr">US housing permits tepid in Jan, PU outlook unchanged</h3></div><hr class="News_hr__BZset"/><div class="qa-combinedfeed-item-date News_meta__Gc4kJ News_date___zoLz h5">25/02/19</div></div><div class="News_secondaryOuter__68Cw0 d-flex d-lg-none"><div class="qa-combinedfeed-item-eyebrow News_meta__Gc4kJ News_category__qm0Jk h5">Latest methanol news</div><div class="qa-combinedfeed-item-date News_meta__Gc4kJ News_date___zoLz h5">25/02/19</div><hr class="News_hr__BZset"/><h3 class="qa-combinedfeed-item-title News_headline__JsnZr">US housing permits tepid in Jan, PU outlook unchanged</h3><p class="qa-combinedfeed-item-summary News_summary__eRMnt">Houston, 19 February (Argus) — Stagnation in new housing permits in January suggests restrained US housing construction in early 2025 as annual permit and start figures lag the prior year. Domestic polyurethane (PU) market expectations for 2025 did not improve in January, with participants planning for flat to modest increases in consumption for the year as a whole. The building blocks of polyurethanes, such as isocyanates like polymeric MDI (PMDI), go into insulation, roofing applications and carpet underlay. PMDI demand so far has been largely restocking activity rather than end-uses in construction, as expected in the first few months of the year. Most participants anticipate stronger demand in the second half of the year, an expectation which January's slow start to construction activity seems to support. February PMDI contract prices settled at 95-103¢/lb, a rollover from the previous month as supply and demand are stable, according to Argus . However, multiple price increase announcements have come out and as cost inputs continue to put pressure on the market many participants expect prices to rise in the coming months. Privately-owned housing permits were at a seasonally-adjusted annual rate of 1.483mn units in January, according to data from the US Census Bureau and the Department for Housing and Urban Development (HUD). While January was up 0.1pc from December's rate, it was 1.7pc lower than the year prior and currently stands below the rates of each of the first three months of 2024. If January's lower annual comparison were to extend through the rest of the first quarter, it could set 2025's pace of new housing construction behind the prior year's through the early peak building season that lasts from the spring to early summer, as permits serve as a forward indicator for new housing starts. Single-family permits stood at 996,000 units in January, unchanged from December after the rate increased for three straight months. But while the recent uptrend in single-family permits presents a bright spot in the housing construction outlook, January's rate was still 3.4pc below the previous year. Housing starts in January were at a seasonally-adjusted annual rate of 1.366mn units, 9.8pc below December and 0.7pc lower than January 2024. Single-family starts were at a rate of 993,000 units, 8.4pc below December and 1.8pc lower than the previous year. The stagnant month-to-month and lower annual comparisons for permits could extend declining housing starts in the months ahead. The latest builder sentiment survey for February enhanced the mixed forward view of construction activity brought by January's tepid permit rate. February's reading reversed the small uptick in sentiment registered in January, falling back five points to 42, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). February's result was the lowest level in five months and reflected builders' increasing anxiety about the construction market's outlook, especially with the Federal Reserve signaling it is reluctant to lower borrowing costs until inflation slows further. Any index reading below 50 denotes a weak market environment. NAHB Chairman Carl Harris said that builders were still hopeful that regulatory reform could spur development, but uncertainty over tariffs and high housing costs was resetting 2025 expectations in February. By Aaron May and Catherine Rabe Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.</p></div></a><a class="qa-combinedfeed-secondary-item News_link__TcfaC News_secondary__4Pe3A white" href="/ja/news-and-insights/latest-market-news/2659595-us-housing-permits-tepid-in-jan-pvc-outlook-mixed"><div class="News_secondaryOuter__68Cw0 d-none d-lg-flex"><div class="News_secondaryInner__T663Z"><div class="qa-combinedfeed-item-eyebrow News_meta__Gc4kJ h5">Latest methanol news</div><h3 class="qa-combinedfeed-item-title News_headline__JsnZr">US housing permits tepid in Jan, PVC outlook mixed</h3></div><hr class="News_hr__BZset"/><div class="qa-combinedfeed-item-date News_meta__Gc4kJ News_date___zoLz h5">25/02/19</div></div><div class="News_secondaryOuter__68Cw0 d-flex d-lg-none"><div class="qa-combinedfeed-item-eyebrow News_meta__Gc4kJ News_category__qm0Jk h5">Latest methanol news</div><div class="qa-combinedfeed-item-date News_meta__Gc4kJ News_date___zoLz h5">25/02/19</div><hr class="News_hr__BZset"/><h3 class="qa-combinedfeed-item-title News_headline__JsnZr">US housing permits tepid in Jan, PVC outlook mixed</h3><p class="qa-combinedfeed-item-summary News_summary__eRMnt">Houston, 19 February (Argus) — Stagnation in new housing permits in January suggests restrained US housing construction in early 2025 as annual permit and start figures lag the prior year. Domestic PVC market expectations for 2025 did not improve in January, with participants planning for flat to modest increases in consumption for the year as a whole. PVC demand was largely tied to rebuilding inventories rather than end-uses in construction, according to market participants. Most PVC participants did not expect replenished inventories to be immediately used, with some not budgeting for stronger demand until the second half of the year, an expectation which January's slow start to construction activity seems to support. February demand has already plateaued for some PVC buyers, reaffirming the stagnant expectations for resin consumption in the months ahead. January contract prices settled at 57.5¢/lb, a rollover from the previous month due to buyers' underlying demand concerns, according to Argus . Privately-owned housing permits were at a seasonally-adjusted annual rate of 1.483mn units in January, according to data from the US Census Bureau and the Department for Housing and Urban Development (HUD). While January was up 0.1pc from December's rate, it was 1.7pc lower than the year prior and currently stands below the rates of each of the first three months of 2024. If January's lower annual comparison were to extend through the rest of the first quarter, it could set 2025's pace of new housing construction behind the prior year through the early peak building season that lasts from the spring to early summer, as permits serve as a forward indicator for new housing starts. Single-family permits stood at 996,000 units in January, unchanged from December after the rate increased for three straight months. But while the recent uptrend in single-family permits presents a bright spot in the housing construction outlook, January's rate was still 3.4pc below the previous year. Housing starts in January were at a seasonally-adjusted annual rate of 1.366mn units, 9.8pc below December and 0.7pc lower than January 2024. Single-family starts were at a rate of 993,000 units, 8.4pc below December and 1.8pc lower than the previous year. The stagnant month-to-month and lower annual comparisons for permits could extend declining housing starts in the months ahead. The latest builder sentiment survey for February enhanced the mixed forward view of construction activity brought by January's tepid permit rate. February's reading reversed the small uptick in sentiment registered in January, falling back five points to 42, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). February's result was the lowest level in five months and reflected builders' increasing anxiety about the construction market's outlook. Any reading below 50 denotes a weak market environment. NAHB Chairman Carl Harris said that builders were still hopeful that regulatory reform could spur development, but uncertainty over tariffs and high housing costs was resetting 2025 expectations in February. By Aaron May Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.</p></div></a><a class="qa-combinedfeed-secondary-item News_link__TcfaC News_secondary__4Pe3A white" href="/ja/news-and-insights/latest-market-news/2659537-low-water-likely-to-persist-at-st-louis-into-march"><div class="News_secondaryOuter__68Cw0 d-none d-lg-flex"><div class="News_secondaryInner__T663Z"><div class="qa-combinedfeed-item-eyebrow News_meta__Gc4kJ h5">Latest methanol news</div><h3 class="qa-combinedfeed-item-title News_headline__JsnZr">Low water likely to persist at St Louis into March</h3></div><hr class="News_hr__BZset"/><div class="qa-combinedfeed-item-date News_meta__Gc4kJ News_date___zoLz h5">25/02/19</div></div><div class="News_secondaryOuter__68Cw0 d-flex d-lg-none"><div class="qa-combinedfeed-item-eyebrow News_meta__Gc4kJ News_category__qm0Jk h5">Latest methanol news</div><div class="qa-combinedfeed-item-date News_meta__Gc4kJ News_date___zoLz h5">25/02/19</div><hr class="News_hr__BZset"/><h3 class="qa-combinedfeed-item-title News_headline__JsnZr">Low water likely to persist at St Louis into March</h3><p class="qa-combinedfeed-item-summary News_summary__eRMnt">Houston, 19 February (Argus) — Low water conditions are expected to persist at St Louis harbor on the Mississippi River through March, causing barge loading issues for both carriers and shippers. Minimal precipitation coupled with increased ice formation along the harbor decreased water levels to -3.3ft on 19 February at St Louis, according to the National Weather Service (NWS). Some terminals at the harbor have been unable to load and unload barges because of the low water. Carriers expect this to become a larger issue when barges carrying northbound products reach St Louis in March. Although low water has been an issue at the harbor since early January, more barge carriers and shippers began to prepare for slipping water levels when grain barge movement picked up later that month. Some barge carriers have reduced the amount of product placed in barges in order to keep drafts from dipping below 9.6ft this week. Low water levels are anticipated to remain through 4 March, which may hinder barge loadings and increase delays at St Louis. St Louis has received less than an inch of rainfall over the past seven days, according to the NWS. There has been even less precipitation upriver in the Northern Plains over the past week. Larger ice formations have appeared in the harbor on account of freezing conditions. The city of St Louis is under winter weather advisory, and is forecast to receive 1-3in of snow between 18-19 February, according to NWS. By Meghan Yoyotte Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.</p></div></a><a class="qa-combinedfeed-secondary-item News_link__TcfaC News_secondary__4Pe3A white" href="/ja/news-and-insights/latest-market-news/2659401-eu-draft-plan-seeks-to-cut-energy-costs"><div class="News_secondaryOuter__68Cw0 d-none d-lg-flex"><div class="News_secondaryInner__T663Z"><div class="qa-combinedfeed-item-eyebrow News_meta__Gc4kJ h5">Latest methanol news</div><h3 class="qa-combinedfeed-item-title News_headline__JsnZr">EU draft plan seeks to cut energy costs</h3></div><hr class="News_hr__BZset"/><div class="qa-combinedfeed-item-date News_meta__Gc4kJ News_date___zoLz h5">25/02/19</div></div><div class="News_secondaryOuter__68Cw0 d-flex d-lg-none"><div class="qa-combinedfeed-item-eyebrow News_meta__Gc4kJ News_category__qm0Jk h5">Latest methanol news</div><div class="qa-combinedfeed-item-date News_meta__Gc4kJ News_date___zoLz h5">25/02/19</div><hr class="News_hr__BZset"/><h3 class="qa-combinedfeed-item-title News_headline__JsnZr">EU draft plan seeks to cut energy costs</h3><p class="qa-combinedfeed-item-summary News_summary__eRMnt">Brussels, 19 February (Argus) — The European Commission has set out plans to tackle the cost of energy in the EU, warning in a draft document that Europe risks de-industrialisation because of a growing energy price gap compared to global competitors. High energy prices are undermining "the EU's global standing and international competitiveness", the commission said, in a draft action plan for affordable energy, seen by Argus . The plan is expected to be released next week, alongside a clean industrial deal and other strategy documents. Much of the strategy relies on non-binding recommendations rather than legislation, particularly in energy taxation. Officials cite EU reliance on imported fossil fuels as a main driver of price volatility. And they also highlight network costs and taxation as key factors. For taxation, the commission pledges — non-binding — recommendations that will advise EU states on how to "effectively" lower electricity taxation levels all the way down to "zero" for energy-intensive industries and households. Electricity should be "less taxed" than other energy sources on the bloc's road to decarbonisation, the commission said. It wants to strip non-energy cost components from energy bills. Officials also eye revival of the long-stalled effort to revise the EU's 2003 energy taxation directive. That requires unanimous approval from member states. The commission pledges, for this year, an energy union task force that pushes for a "genuine" energy union with a fully integrated EU energy market. Additional initiatives include an electrification action plan, a roadmap for digitalisation, and a heating and cooling strategy. A white paper will look at deeper electricity market integration in early next year. EU officials promise "guidance" to national governments on removing barriers to consumers switching suppliers and changing contracts, on energy efficiency, and on consumers and communities producing and selling renewable energy. More legislative action will come to decouple retail electricity bills from gas prices and ease restrictions on long-term energy contracts for heavy industries. By 2026, the commission promises guidance on combining power purchase agreements (PPAs) with contracts for difference (CfDs). And officials will push for new rules on forward markets and hedging. There are also plans for a tariff methodology for network charges that could become legally binding. Familiar proposals include fast-tracking energy infrastructure permits, boosting system flexibility via storage and demand response. Legislative overhaul of the EU's energy security framework in 2026 aims to better prepare Europe for supply disruptions, cutting price volatility and levels. Specific figures on expected savings from cutting fossil fuel imports are not given in the draft seen by Argus . But the strategy outlines the expected savings from replacing fossil fuel demand in electricity generation with "clean energy" at 50pc. Improving electrification and energy efficiency will save 30pc and enhancing energy system flexibility will save 20pc, according to the draft. The commission is also exploring long-term supply deals and investments in LNG export terminals to curb prices. By Dafydd ab Iago Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . 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US","ExternalLink":null,"OnlineAccess":false,"PricingLink":null,"StartDate":"2025-09-10T00:00:00Z","ThumbnailImageUrl":"/-/media/project/argusmedia/mainsite/english/images/events/conferences/hero-images/houston-texas-skyline-hero-for-sitecore.jpg?rev=-1\u0026la=ja\u0026hash=8BF9E6AAA93E21071EE30D445CE199B3","SearchResultItemUrl":"/ja/events/conferences/sustainable-marine-fuels","PublishDate":"2024-10-02T09:49:07Z","CreatedDate":"2024-09-18T16:01:55Z","Tags":["Oil Products","Marine Fuels","Net Zero","North America","English","Methanol"],"ItemId":"00000000-0000-0000-0000-000000000000","Title":"Argus Sustainable Marine Fuels Conference","Type":"Conference"}]}]},"e000cf30-36e8-4292-88ec-e37ffaa26193":{"data":{"TotalResults":0,"Results":[]},"guid":"5ebe37a1-4a42-479a-afc0-f4d724f52bb9"},"b8c35964-4f91-4a70-9c65-b0cee88b3c9a":{"data":[{"totalHitCount":3343,"hitCount":5,"items":[{"type":"News","datePublished":"2025-02-21T06:30:12Z","headline":"S Korea's SK Chemical to build plastic waste facility","summary":"Shanghai, 21 February (Argus) — South Korean producer SK Chemical will establish a Recycle Innovation Centre (RIC) at its Ulsan petrochemical complex, where eco-friendly chemical materials are produced, the firm announced on 18 February. The company will invest in new pilot facilities for the chemical decomposition of plastic waste to produce recycled BHET (r-BHET), an intermediate raw material in the production of PET and copolyester. SK Chemical aims to start up the depolymerisation pilot facility in 2026 with production capacity of 50 t/yr of r-BHET. The plant is integral to SK Chemical's chemical recycling technology and will be linked with existing commercial copolyester production facilities. The pilot facility is part of SK Chemical's efforts to process and reuse plastic waste that is difficult to recycle. The facility will validate commercialisation technology for various low-quality plastic waste types that were previously difficult to recycle using conventional methods, including textiles, fibres, films, and automotive parts. Recycling textiles is known to be highly challenging because of the diverse forms and material types mixed in a single garment, including polyester yarn as well as fibres such as cotton and various accessories such as buttons. SK Chemical previously established a PET chemical recycling plant in Shantou in south China's Guangdong province after purchasing Guangdong Shuye's r-BHET and chemically recycled PET (r-PET) units in 2022 to strengthen its recycled plastic business. The Shantou plant can now produce 70,000 t/yr of r-BHET and 50,000 t/yr of r-PET pellets. Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.","links":[{"rel":"article","href":"https://api.argusmedia.com/articles/2660306"}],"tags":null,"taxonomy":null,"id":2660306,"language":"en-GB","body":null},{"type":"Analysis","datePublished":"2025-02-19T22:53:07Z","headline":"US housing permits tepid in Jan, PU outlook unchanged","summary":"Houston, 19 February (Argus) — Stagnation in new housing permits in January suggests restrained US housing construction in early 2025 as annual permit and start figures lag the prior year. Domestic polyurethane (PU) market expectations for 2025 did not improve in January, with participants planning for flat to modest increases in consumption for the year as a whole. The building blocks of polyurethanes, such as isocyanates like polymeric MDI (PMDI), go into insulation, roofing applications and carpet underlay. PMDI demand so far has been largely restocking activity rather than end-uses in construction, as expected in the first few months of the year. Most participants anticipate stronger demand in the second half of the year, an expectation which January's slow start to construction activity seems to support. February PMDI contract prices settled at 95-103¢/lb, a rollover from the previous month as supply and demand are stable, according to Argus . However, multiple price increase announcements have come out and as cost inputs continue to put pressure on the market many participants expect prices to rise in the coming months. Privately-owned housing permits were at a seasonally-adjusted annual rate of 1.483mn units in January, according to data from the US Census Bureau and the Department for Housing and Urban Development (HUD). While January was up 0.1pc from December's rate, it was 1.7pc lower than the year prior and currently stands below the rates of each of the first three months of 2024. If January's lower annual comparison were to extend through the rest of the first quarter, it could set 2025's pace of new housing construction behind the prior year's through the early peak building season that lasts from the spring to early summer, as permits serve as a forward indicator for new housing starts. Single-family permits stood at 996,000 units in January, unchanged from December after the rate increased for three straight months. But while the recent uptrend in single-family permits presents a bright spot in the housing construction outlook, January's rate was still 3.4pc below the previous year. Housing starts in January were at a seasonally-adjusted annual rate of 1.366mn units, 9.8pc below December and 0.7pc lower than January 2024. Single-family starts were at a rate of 993,000 units, 8.4pc below December and 1.8pc lower than the previous year. The stagnant month-to-month and lower annual comparisons for permits could extend declining housing starts in the months ahead. The latest builder sentiment survey for February enhanced the mixed forward view of construction activity brought by January's tepid permit rate. February's reading reversed the small uptick in sentiment registered in January, falling back five points to 42, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). February's result was the lowest level in five months and reflected builders' increasing anxiety about the construction market's outlook, especially with the Federal Reserve signaling it is reluctant to lower borrowing costs until inflation slows further. Any index reading below 50 denotes a weak market environment. NAHB Chairman Carl Harris said that builders were still hopeful that regulatory reform could spur development, but uncertainty over tariffs and high housing costs was resetting 2025 expectations in February. By Aaron May and Catherine Rabe Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.","links":[{"rel":"article","href":"https://api.argusmedia.com/articles/2659725"}],"tags":null,"taxonomy":null,"id":2659725,"language":"en-GB","body":null},{"type":"Analysis","datePublished":"2025-02-19T18:19:30Z","headline":"US housing permits tepid in Jan, PVC outlook mixed","summary":"Houston, 19 February (Argus) — Stagnation in new housing permits in January suggests restrained US housing construction in early 2025 as annual permit and start figures lag the prior year. Domestic PVC market expectations for 2025 did not improve in January, with participants planning for flat to modest increases in consumption for the year as a whole. PVC demand was largely tied to rebuilding inventories rather than end-uses in construction, according to market participants. Most PVC participants did not expect replenished inventories to be immediately used, with some not budgeting for stronger demand until the second half of the year, an expectation which January's slow start to construction activity seems to support. February demand has already plateaued for some PVC buyers, reaffirming the stagnant expectations for resin consumption in the months ahead. January contract prices settled at 57.5¢/lb, a rollover from the previous month due to buyers' underlying demand concerns, according to Argus . Privately-owned housing permits were at a seasonally-adjusted annual rate of 1.483mn units in January, according to data from the US Census Bureau and the Department for Housing and Urban Development (HUD). While January was up 0.1pc from December's rate, it was 1.7pc lower than the year prior and currently stands below the rates of each of the first three months of 2024. If January's lower annual comparison were to extend through the rest of the first quarter, it could set 2025's pace of new housing construction behind the prior year through the early peak building season that lasts from the spring to early summer, as permits serve as a forward indicator for new housing starts. Single-family permits stood at 996,000 units in January, unchanged from December after the rate increased for three straight months. But while the recent uptrend in single-family permits presents a bright spot in the housing construction outlook, January's rate was still 3.4pc below the previous year. Housing starts in January were at a seasonally-adjusted annual rate of 1.366mn units, 9.8pc below December and 0.7pc lower than January 2024. Single-family starts were at a rate of 993,000 units, 8.4pc below December and 1.8pc lower than the previous year. The stagnant month-to-month and lower annual comparisons for permits could extend declining housing starts in the months ahead. The latest builder sentiment survey for February enhanced the mixed forward view of construction activity brought by January's tepid permit rate. February's reading reversed the small uptick in sentiment registered in January, falling back five points to 42, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). February's result was the lowest level in five months and reflected builders' increasing anxiety about the construction market's outlook. Any reading below 50 denotes a weak market environment. NAHB Chairman Carl Harris said that builders were still hopeful that regulatory reform could spur development, but uncertainty over tariffs and high housing costs was resetting 2025 expectations in February. By Aaron May Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.","links":[{"rel":"article","href":"https://api.argusmedia.com/articles/2659595"}],"tags":null,"taxonomy":null,"id":2659595,"language":"en-GB","body":null},{"type":"News","datePublished":"2025-02-19T17:15:27Z","headline":"Low water likely to persist at St Louis into March","summary":"Houston, 19 February (Argus) — Low water conditions are expected to persist at St Louis harbor on the Mississippi River through March, causing barge loading issues for both carriers and shippers. Minimal precipitation coupled with increased ice formation along the harbor decreased water levels to -3.3ft on 19 February at St Louis, according to the National Weather Service (NWS). Some terminals at the harbor have been unable to load and unload barges because of the low water. Carriers expect this to become a larger issue when barges carrying northbound products reach St Louis in March. Although low water has been an issue at the harbor since early January, more barge carriers and shippers began to prepare for slipping water levels when grain barge movement picked up later that month. Some barge carriers have reduced the amount of product placed in barges in order to keep drafts from dipping below 9.6ft this week. Low water levels are anticipated to remain through 4 March, which may hinder barge loadings and increase delays at St Louis. St Louis has received less than an inch of rainfall over the past seven days, according to the NWS. There has been even less precipitation upriver in the Northern Plains over the past week. Larger ice formations have appeared in the harbor on account of freezing conditions. The city of St Louis is under winter weather advisory, and is forecast to receive 1-3in of snow between 18-19 February, according to NWS. By Meghan Yoyotte Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.","links":[{"rel":"article","href":"https://api.argusmedia.com/articles/2659537"}],"tags":null,"taxonomy":null,"id":2659537,"language":"en-GB","body":null},{"type":"News","datePublished":"2025-02-19T11:52:35Z","headline":"EU draft plan seeks to cut energy costs","summary":"Brussels, 19 February (Argus) — The European Commission has set out plans to tackle the cost of energy in the EU, warning in a draft document that Europe risks de-industrialisation because of a growing energy price gap compared to global competitors. High energy prices are undermining \"the EU's global standing and international competitiveness\", the commission said, in a draft action plan for affordable energy, seen by Argus . The plan is expected to be released next week, alongside a clean industrial deal and other strategy documents. Much of the strategy relies on non-binding recommendations rather than legislation, particularly in energy taxation. Officials cite EU reliance on imported fossil fuels as a main driver of price volatility. And they also highlight network costs and taxation as key factors. For taxation, the commission pledges — non-binding — recommendations that will advise EU states on how to \"effectively\" lower electricity taxation levels all the way down to \"zero\" for energy-intensive industries and households. Electricity should be \"less taxed\" than other energy sources on the bloc's road to decarbonisation, the commission said. It wants to strip non-energy cost components from energy bills. Officials also eye revival of the long-stalled effort to revise the EU's 2003 energy taxation directive. That requires unanimous approval from member states. The commission pledges, for this year, an energy union task force that pushes for a \"genuine\" energy union with a fully integrated EU energy market. Additional initiatives include an electrification action plan, a roadmap for digitalisation, and a heating and cooling strategy. A white paper will look at deeper electricity market integration in early next year. EU officials promise \"guidance\" to national governments on removing barriers to consumers switching suppliers and changing contracts, on energy efficiency, and on consumers and communities producing and selling renewable energy. More legislative action will come to decouple retail electricity bills from gas prices and ease restrictions on long-term energy contracts for heavy industries. By 2026, the commission promises guidance on combining power purchase agreements (PPAs) with contracts for difference (CfDs). And officials will push for new rules on forward markets and hedging. There are also plans for a tariff methodology for network charges that could become legally binding. Familiar proposals include fast-tracking energy infrastructure permits, boosting system flexibility via storage and demand response. Legislative overhaul of the EU's energy security framework in 2026 aims to better prepare Europe for supply disruptions, cutting price volatility and levels. Specific figures on expected savings from cutting fossil fuel imports are not given in the draft seen by Argus . But the strategy outlines the expected savings from replacing fossil fuel demand in electricity generation with \"clean energy\" at 50pc. Improving electrification and energy efficiency will save 30pc and enhancing energy system flexibility will save 20pc, according to the draft. The commission is also exploring long-term supply deals and investments in LNG export terminals to curb prices. By Dafydd ab Iago Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.","links":[{"rel":"article","href":"https://api.argusmedia.com/articles/2659401"}],"tags":null,"taxonomy":null,"id":2659401,"language":"en-GB","body":null}],"itemsCursor":null}]},"f64fe5d2-1b2f-459a-b602-3c9e846bae0b":{"data":[{"Title":"Argus reaches three-year milestone of monthly methanol contract price assessments in Europe","Description":"The emergence of monthly contract prices in Europe in recent years has allowed several methanol producers and consumers to reassess fast-changing market dynamics at more regular intervals","Category":"WhitePaper","CreatedDate":"2025-02-19T14:02:39Z","ImageUrl":"/-/media/project/argusmedia/mainsite/images/14-generic-hero-banners/herobanner_1600x530_generic-c.jpg?rev=2cf023b4e0484c1bb091b9f72dbf7771\u0026la=ja\u0026hash=D5EDAB9A3A94892366EDC06A581042E7","ExternalLink":null,"ItemUrl":"/ja/news-and-insights/market-insight-papers/argus-reaches-three-year-milestone-of-monthly-methanol-contract-price-assessments-in-europe"},{"Title":"Chemical Conversations: Methanol Market Puts-and-Takes ","Description":null,"Category":"Podcast","CreatedDate":"2025-01-31T11:31:58Z","ImageUrl":"/-/media/project/argusmedia/mainsite/english/images/news-and-insights/market-insight-papers/generic-gradient-hero-banner_1600x530px.jpg?rev=-1\u0026la=ja\u0026hash=F8081D2490E57EACA6C41FA0E7F83979","ExternalLink":null,"ItemUrl":"/ja/news-and-insights/energy-and-commodity-podcasts/chemical-conversations-methanol-market-puts-and-takes-episode-7"},{"Title":"Chemical Conversations: Methanol Market Puts-and-Takes","Description":null,"Category":"Podcast","CreatedDate":"2025-01-27T10:29:00Z","ImageUrl":"/-/media/project/argusmedia/mainsite/english/images/news-and-insights/market-insight-papers/generic-gradient-hero-banner_1600x530px.jpg?rev=-1\u0026la=ja\u0026hash=F8081D2490E57EACA6C41FA0E7F83979","ExternalLink":null,"ItemUrl":"/ja/news-and-insights/energy-and-commodity-podcasts/chemical-conversations-methanol-market-puts-and-takes-episode-6"},{"Title":"Chemical Conversations: Methanol Market Puts-and-Takes","Description":null,"Category":"Podcast","CreatedDate":"2024-11-26T19:44:16Z","ImageUrl":"/-/media/project/argusmedia/mainsite/english/images/news-and-insights/market-insight-papers/generic-gradient-hero-banner_1600x530px.jpg?rev=-1\u0026la=ja\u0026hash=F8081D2490E57EACA6C41FA0E7F83979","ExternalLink":null,"ItemUrl":"/ja/news-and-insights/energy-and-commodity-podcasts/chemical-conversations-methanol-market-puts-and-takes-episode-4"}]}}},"__N_SSG":true},"page":"/[[...path]]","query":{"path":["commodities","methanol"]},"buildId":"65902","assetPrefix":"https://www.argusmedia.com","isFallback":false,"isExperimentalCompile":false,"gsp":true,"locale":"ja","locales":["default","en","es","zh","ru","pt","ja","fr","de"],"defaultLocale":"default","scriptLoader":[]}</script></body></html>