China could potentially face shortages of methanol – a vital input for several industries – if the Iran war drags on and causes lengthy disruptions to shipping traffic along the Strait of Hormuz, analysts said.
Methanol, also known as methyl alcohol, is a chemical compound that is widely used by Chinese producers. It is both a biofuel and a key raw material for a range of products – from paint and formaldehyde to plastics and synthetic fabrics.
The growing conflict in the Middle East could be a…
Iran war could ‘significantly disrupt’ China’s methanol imports: analysts
