According to the statistics of China Nitrogen Fertilizer Industry Association, my country's methanol production capacity will reach 100.41 million tons per year in 2023, exceeding the 100 million tons mark. In 2023, the global political economy is complicated, the energy situation is increasingly severe, the high cost of domestic raw materials and the downward pressure on the market coexist. my country's methanol industry has overcome difficulties and forged ahead, and its development has achieved results.
First, methanol has become my country's second petrochemical product with a production capacity of more than 100 million tons in addition to oil refining. Second, my country's methanol production will be 80.225 million tons in 2023, a year-on-year increase of 3.3%, the lowest growth rate in five years, which is directly related to the low prosperity of the methanol industry chain. Third, the average price of methanol in 2023 will be 2,661 yuan/ton, a year-on-year increase of 5%, but corporate profitability is not good, and the rise in coal prices will further reduce the profit margin of methanol. Fourth, my country will import 12.192 million tons of methanol in 2023, a year-on-year increase of 8.9%, showing a slight increase in import volume. Fifth, in the past two years, the growth rate of the total apparent consumption of methanol has slowed down and remained at around 4%. The apparent consumption in 2023 will be 92.24 million tons. The decrease in consumption growth rate is directly related to the weak economy of the methanol industry chain.
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