OilChem: Methanol markets on edge: Iranian production slumps and export routes at risk

Iran's methanol capacity totaled17.39 million tonnes/year, accounting for 22.86% of global methanol capacity (excluding China). In 2025, Iran's methanol output reached 9.7 million tonnes, accounting for 19.01% of global methanol output (excluding China).

Global methanol markets are on edge as a recent escalation in geopolitical tensions following Israeli airstrikes on Iran has sent shockwaves through the global methanol market, with China-the world's largest consumer-facing heightened supply uncertainty. As of February 28, 2026, disruptions to Iranian methanol production and shipping routes have triggered price