Expectations of the imminent arrival of imported cargoes and the inability to push sufficient methanol volumes out of Rotterdam up the Rhine is putting downward pressure on spot prices, sources said Wednesday. hey estimated that around 100,000-150,000 mt of methanol from other regions might land in Europe in the coming weeks. Sources said the cargoes are coming from various locations, mostly from across the Atlantic (the US, Trinidad and Tobago, Venezuela, Equatorial Guinea), but also from Oman and the Baltic region. At the same time record-low Rhine water levels are preventing shipments of full loads on barges, which is slowing down the outflow of methanol from storage in Rotterdam. “The stocks are still low, but they are increasing. The situation started to change around a week to week and half ago. There are a lot […]