Mideast War Boosts US Petrochemicals as Methanol Hits Four-Year High
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000War With Iran:US spot petrochemical prices showed no signs of easing last week, led by a surge in methanol to its highest level in nearly four years as buyers seek alternatives to disrupted Middle Eastern supplies of key plastic-making materials.Spot methanol climbed to about $1.27 a gallon on Friday, the highest since April 2022. The chemical — which is used in fuels, plastics and as a key feedstock for olefins production — tracks tightening availability across global markets.