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Methanol imports to hit hard for China from Iran

China is one of the leading importers of Methanol from Iran. With rise in number of cases of Coronavirus infection, Chinese authorities have decided to have strict check for the imports in order to curtain the epidemic. At present Iran has the highest death toll of the coronavirus outside China at more than 60, with about 1,500 cases of infection. Countries like Pakistan, Iraq, Turkey, Armenia and Afghanistan have already announced closures of their land borders with Iran.  Turkey, Oman, Bahrain and Kuwait have also suspended the flights to and from the country.Right now, Iran’s methanol supply to China has not been affected, with Iranian plants currently in the process of recovering production since late February as shortage of feedstock natural gas has eased with the warmer weather.