Industrial Demand Resilience
Demand from the MTO sector in China remains the key anchor for global prices. High operating rates at major facilities are absorbing surplus domestic supply, lifting prices even as broader global energy benchmarks face downward pressure.
Iranian Supply Outlook
While Iranian civil unrest causes concern, new Iranian capacity is expected to hit the Asian market later in 2026. For now, pre-holiday logistics are the primary driver of the localized price spike in China.