Core Viewpoint - The methanol market is expected to experience a recovery due to easing supply pressures starting from mid to late September, driven by the upcoming consumption peak season and new MTO production capacity coming online [1] Supply Dynamics - Domestic methanol production has faced bottlenecks, with overall capacity utilization at a high of 84.58%, limiting further increases in output [2] - The resumption of production in various regions has been gradual, with a total daily output not exceeding 10,000 tons in September [2] - Iran's gas supply risks are anticipated to significantly impact methanol imports, as the government prioritizes residential gas supply over industrial use starting in October [3] Demand Factors - The "Golden September and Silver October" consumption peak is expected to improve traditional downstream demand, particularly in the real estate and textile sectors, which will drive methanol demand [4] - The MTO industry is projected to be the main driver of methanol demand in Q4, with both existing facilities restarting and new capacity coming online [4][5] - The Shandong Lianhong New Materials' 1 million tons/year MTO project is set to be a highlight in Q4, requiring external methanol sourcing [4] Market Outlook - The combination of recovering demand from traditional sectors and the MTO industry's growth is expected to alleviate supply pressures in the methanol market, leading to a potential price rebound [5]