Strait blockade set to pull China's Aug-Sept methanol imports lower

The Strait of Hormuz blockade is set to drive down China's methanol imports again in AugustSeptember. OilChem forecasts imports of 738.3 kt in August and 400 kt in September down 25.58% and 45.82% month-on-month, respectively. The strait situation remains the overriding factor influencing the methanol market in the near term.

OilChem estimates that China's methanol imports are expected to be 738.3 kt (kilotonne) in August and 400 kt in September, down 25.58% and 45.82% month-on-month, respectively, from 992.1 kt in July. China's Methanol Imports, 2025-2026E (Unit: kt) Source: GACC, OilChem On August 20, U.S. Treasury Secretary Scott Bessent said the US would