Supply and demand of methanol

　　 1、 Methanol production

China's methanol industry began in the 1950s. After decades of development, especially since the beginning of 2002, China's methanol market has been strongly driven by downstream demand. Methanol production enterprises have expanded production and built new units, which has led to a sharp increase in China's methanol production capacity and production for years. In 2009, China's methanol production capacity reached 27.17 million tons, with the actual output of 11.229 million tons. In 2010, China's methanol production capacity reached 37.565 million tons, with the output of 15.7526 million tons, becoming the world's largest methanol producer.

Methanol production capacity and output in China from 2004 to 2010

particular year	Capacity (10000 tons)	Capacity growth rate (%)	Output (10000 tons)	Output growth rate (%)
two thousand and four	seven hundred and thirty-two	twenty-two	four hundred and forty point six	forty-seven point four two
two thousand and five	eight hundred and ninety-three	twenty-one point nine nine	five hundred and thirty-five point six four	twenty-one point five seven
two thousand and six	one thousand three hundred and ninety-nine	fifty-six point six six	seven hundred and forty-five point eight	thirty-nine point two four
two thousand and seven	two thousand and thirty-two	forty-five point two five	one thousand and twelve point six	thirty-five point seven seven
two thousand and eight	two thousand three hundred and thirty-eight	fifteen point zero six	one thousand one hundred and nine point nine	nine point six one
two thousand and nine	two thousand seven hundred and seventeen	sixteen point two one	one thousand one hundred and twenty-two point nine	one point one seven
two thousand and ten	three thousand seven hundred and fifty-six point five	thirty-eight point two six	one thousand five hundred and seventy-five point two six	forty point two eight

Data source: 2010 Treasure Island Methanol Annual Report

From the perspective of methanol production process, China's total methanol production capacity in 2010 was 37.565 million tons, of which coal to methanol production capacity was 23.69 million tons, accounting for 63% of the total capacity; The production capacity of methanol from coke oven gas has increased to 5.925 million tons, accounting for 15.8%; The proportion of natural gas to methanol production capacity was slightly reduced to about 21.2%, with a production capacity of 7.95 million tons.

Focusing on resources has become the dominant trend of methanol production capacity layout in China. Inner Mongolia, Henan, Shanxi, Shaanxi, Chongqing and other places will become the most favored regions for methanol production enterprises by virtue of their resource advantages; Shandong, Hebei and other traditional large methanol producing provinces will slow down their capacity expansion due to the constraints of total resources and environmental capacity.

The main producing areas of methanol in China are Shandong, Inner Mongolia, Henan, Shaanxi, Shanxi, Hebei and other provinces and regions. In 2010, there were five provinces and regions with methanol output of more than 1 million tons, including Shandong 3.3382 million tons, Inner Mongolia 1.759 million tons, Henan 1.715 million tons, Shaanxi 1.49 million tons, and Shanxi 1.0706 million tons, accounting for 59.5% of the total national output.

Statistics of China's methanol output by province from 2006 to 2010

Unit: 10000 tons

region	2006	2007	2008	2009	2010
whole country	seven hundred and fifty-eight point six	one thousand and seventy-six point three six	one thousand one hundred and twenty-six point two eight	one thousand one hundred and thirty-three point four	one thousand five hundred and seventy-five point two six
Shandong	one hundred and ten point three four	one hundred and forty-four point eight seven	one hundred and forty-seven point five eight	one hundred and thirty-six point three	three hundred and thirty-three point eight two
Inner Mongolia	twenty-seven point two	one hundred and thirty-nine point eight	one hundred point eight eight	one hundred and fifty-seven point one three	one hundred and seventy-five point nine
Henan	one hundred and thirty-two point eight	one hundred and seventy-five point nine five	one hundred and sixty-five point four eight	one hundred and fifty-eight point zero one	one hundred and seventy-one point five
Shaanxi	seventy point zero one	ninety-two point eight nine	one hundred and seven point five seven	one hundred and fifty point one six	one hundred and forty-nine
Shanxi	fifty-seven point two six	seventy-two point six nine	seventy-one point one nine	fifty-two point one one	one hundred and seven point zero six
Hebei	fifty-six point five two	sixty-four point nine one	seventy-one point four seven	fifty-nine point three two	eighty-four point five five
Chongqing	twenty-nine point four four	thirty-nine point five nine	fifty point seven six	forty-five point three three	seventy-four point four nine
Hainan	fourteen point nine five	fifty-two point seven five	sixty point zero five	sixty point six three	sixty-three point three six
Shanghai	thirty-six point six eight	thirty-four point one	forty point zero nine	forty-eight point one	fifty-eight point four eight
Heilongjiang	thirty-two point nine one	thirty-five point two	forty-one point nine nine	forty-four point nine six	fifty-four point one one
Ningxia	zero	one point two nine	eight point five three	fourteen point one five	forty-nine point eight four
Hubei	thirty-one point five one	thirty point nine two	twenty-six point zero eight	twenty-nine point eight nine	forty-one point six seven
Sichuan	fifty-four point three nine	fifty-nine point six three	fifty-four point one nine	twenty-five point zero six	thirty-eight point zero eight
Anhui	thirty-one point five	twenty-nine point two four	thirty-one point six	thirty-five point one two	thirty-four point five seven
Xinjiang	seven point five two	ten point eight one	twenty-three point five seven	seventeen point seven seven	twenty-eight point six two
Qinghai	fifteen point four four	thirty-five	forty point zero one	thirty-eight point zero seven	twenty-three point one seven
Fujian	seven point three nine	nine point four six	eighteen point three five	twelve point six one	nineteen point three nine
Zhejiang	eleven point four four	thirteen point one nine	fourteen point five eight	seven point six six	twelve point five one
Jiangsu	four point seven one	four point two four	eight point four six	six point eight five	twelve point two seven
Yunnan	three point four four	three	two point four six	eight point two seven	ten point zero three
Liaoning	seven point zero four	nine point zero one	seven point one five	six point four one	nine point six one
Hunan	seven point eight two	four point four nine	four point seven nine	five point one	six point one seven
Guangxi	four point zero eight	five point three four	five point nine five	four point three eight	five point nine six
Gansu	one point one two	five point seven seven	six point two one	five point four	five point zero five
Guizhou	zero	zero	four point zero six	two point zero seven	three point five nine
Jiangxi	one point two seven	zero point two four	zero point two five	one point five five	one point three three
Jilin	zero	zero	zero point six three	zero point three three	one point one eight
Tianjin	one point eight three	one point nine nine	one point two nine	zero point three four	zero
Beijing	zero	zero	zero	zero	zero
Guangdong	zero	zero	zero	zero	zero
Tibet	zero	zero	zero	zero	zero

Data source: National Bureau of Statistics

In 2009, the capacity of the top 10 methanol producers in China totaled 7.52 million tons, accounting for 27.68% of the total capacity; In 2010, the total capacity of the top 10 methanol production enterprises was 10.88 million tons, accounting for 28.96% of the total capacity, slightly higher than that in 2009, indicating that the industrial concentration has increased.

Production capacity of top 10 methanol enterprises in China

Unit: 10000 tons/year

Top 10 methanol producers in 2009	capacity	Top 10 methanol producers in 2010	capacity
Inner Mongolia Yuanxing Energy	one hundred and thirty-three	Shenhua Baotou Coal to Liquid	one hundred and eighty
Shandong Yankuang Group	one hundred and thirteen	CNOOC Jiantao	one hundred and forty
Shanghai Coking	eighty	Inner Mongolia Yuanxing Energy	one hundred and thirty-three
Henan Pingmei Lantian	seventy-three	Shandong Jiutai Chemical	one hundred and twenty-five
Shaanxi Yulin Natural Gas Chemical Industry	sixty-three	Shandong Yankuang Group	one hundred and thirteen
Yankuang Yulin Energy and Chemical	sixty	ENN Group Co., Ltd	ninety-six
Shaanxi Shenmu Chemical	sixty	Ningxia Shenhua Ningmei	eighty-five
CNOOC Jiantao	sixty	Shanghai Coking	eighty
Xinao Xinneng Chemical	sixty	Henan Pingmei Lantian	seventy-three
Shandong Mingshui Chemical	fifty	Shaanxi Yulin Natural Gas Chemical Industry	sixty-three
total	seven hundred and fifty-two	total	one thousand and eighty-eight

Data source: China Nitrogenous Fertilizer Industry Association, Treasure Island website

　　 2、 Methanol consumption

Compared with the rapid growth of domestic methanol output, the consumption of methanol in China has also experienced a rapid increase in recent years. In 2010, China's domestic apparent consumption of methanol was 20.9296 million tons, 4.82 times that of 4.3395 million tons in 2003, becoming the world's largest methanol consumer. The average annual growth rate of China's apparent consumption of methanol in the eight years from 2003 to 2010 reached more than 25%. Corresponding to the rapid growth of methanol production in China, the self-sufficiency rate of methanol consumption in China has increased significantly from 68.87% of the apparent consumption in 2003 to 97.29% in 2007, basically reaching self-sufficiency. However, due to the financial crisis and the cost advantage of foreign natural gas to methanol, China's methanol import volume jumped to 5.288 million tons in 2009, and the ratio of output to apparent consumption dropped to 68.04%. In 2010, the proportion rebounded to 75.27%.

Balance Sheet of Total Methanol Production and Sales in China from 2003 to 2010

Unit: 10000 tons

year Copies	yield	Import volume	Export volume	Apparent consumption	Output/apparent consumption (%)	Import/apparent consumption (%)	Dependency (%)
two thousand and three	two hundred and ninety-eight point eight seven	one hundred and forty point one six	five point zero eight	four hundred and thirty-three point nine five	sixty-eight point eight seven	thirty-two point three zero	thirty-one point one three
two thousand and four	four hundred and forty point six	one hundred and thirty-five point nine	three point three	five hundred and seventy-three point two	seventy-six point eight seven	twenty-three point seven one	twenty-three point one three
two thousand and five	five hundred and thirty-five point six four	one hundred and thirty-six point zero three	five point four five	six hundred and sixty-six point two two	eighty point four zero	twenty point four two	nineteen point six zero
two thousand and six	seven hundred and forty-five point eight	one hundred and twelve point seven	nineteen	eight hundred and thirty-nine point five	eighty-eight point eight four	thirteen point four two	eleven point one six
two thousand and seven	one thousand and twelve point six	eighty-four point five	fifty-six point three	one thousand and forty point eight	ninety-seven point two nine	eight point one two	two point seven one
two thousand and eight	one thousand one hundred and nine point nine	one hundred and forty-three point four	thirty-six point eight	one thousand two hundred and sixteen point five	ninety-one point two four	eleven point seven nine	eight point seven six
two thousand and nine	one thousand one hundred and twenty-three	five hundred and twenty-eight point eight	one point three eight	one thousand six hundred and fifty point four two	sixty-eight point zero four	thirty-two point zero four	thirty-one point nine six
two thousand and ten	one thousand five hundred and seventy-five point three	five hundred and eighteen point nine	one point two four	two thousand and ninety-two point nine six	seventy-five point two seven	twenty-four point seven nine	twenty-four point seven three

Data source: Treasure Island website

From the perspective of methanol consumption regions, East China ranked first in methanol consumption in 2010, accounting for 44.44% of the country's consumption, mainly due to the fact that the demand for raw materials from downstream formaldehyde, dimethyl ether, glacial acetic acid and methanol gasoline in this region is significantly higher than that in other regions; With the support of stable demand for formaldehyde, dimethyl ether and methanol gasoline, North China's apparent consumption occupies the second place in the country, maintaining a level of 15.51%; The consumption of South China and Central China is also relatively large, accounting for 11.58% and 11.01% respectively; As an important place for methanol production, the consumption of Northwest China only accounts for 4.33%.

From the perspective of methanol consumption products, formaldehyde, dimethyl ether, methanol fuel, acetic acid, etc. are the main downstream products of methanol. In recent years, the traditional consumption fields of methanol in China, such as formaldehyde, acetic acid, medicine and pesticide, have developed steadily, and the consumption of methanol in these industries has also gradually increased. However, some emerging fields such as methanol blended with gasoline, dimethyl ether, methanol to olefin and other industries have developed rapidly, and the demand for methanol has also increased significantly.

Table of Consumption Structure of Methanol in China from 2007 to 2010

Consumption field	Proportion (%)
	2007	2008	2009	two thousand and ten
formaldehyde	thirty-six point six	thirty-six	thirty-two	twenty-seven
dimethyl ether	eleven point five	fifteen	twenty-two	nineteen
Blended with gasoline	fifteen point seven	fifteen	thirteen	twelve
acetic acid	eight	ten	ten	eleven
MTBE	four	six	six	eight
Methylamine	seven	four	three	three
other	seventeen point two	fourteen	fourteen	twenty
total	one hundred	one hundred	one hundred	one hundred

Note: Among the "other" methanol consumption projects in 2010, methanol to olefin accounted for 8%

Data source: 2007 data from PetroChina And the Chemical Industry Federation. The data for 2008 came from the annual meeting of China's plasticizing industry, and the data for 2009 and 2010 came from the 2010 Jinyin Island Methanol Annual Report

Unit consumption of main downstream products of methanol and relevant tax rates

Product name	Unit consumption (ton)	Tax code	Import tax rate (MFN%)	VAT rate (%)
formaldehyde	zero point four five	twenty-nine million one hundred and twenty-one thousand and one hundred	five point five	seventeen
dimethyl ether	one point four	two billion nine hundred and thirty-four million nine hundred and ninety-nine thousand and twenty-six	six point five	thirteen
Glacial acetic acid	0.53-0.55	twenty-nine million one hundred and fifty-two thousand one hundred and nineteen	five point five	seventeen
MTBE	zero point three six	twenty-nine million ninety-one thousand and nine hundred	five point five	seventeen
DMF	one point one	twenty-nine million two hundred and forty-one thousand nine hundred and ten	six point five	seventeen

Note: "Unit consumption" refers to the amount of methanol consumed per ton of relevant downstream products

China is rich in coal resources, and in recent years, breakthroughs have been made in the localization of coal chemical technology and equipment. The development prospects of emerging coal chemical industries such as alcohol ether fuel and methanol to olefin are optimistic. In addition to the steady development of traditional downstream industries such as formaldehyde and acetic acid, it is expected that China's demand for methanol will continue to increase in the future.

　　 3、 Methanol trade

1. Domestic trade of methanol

At present, almost all domestic methanol is exported to the domestic market. Domestic methanol production plants are scattered, mainly distributed in Inner Mongolia, Shaanxi, Henan, Shanxi and other inland areas, or in the western regions with inconvenient transportation and Hainan Province, while methanol consumption centers are relatively concentrated in eastern China and southern China, which are also the production centers of downstream products such as formaldehyde, dimethyl ether, acetic acid, MTBE, etc. in China. In addition, methanol fuel is mainly developed and promoted in Shanxi, Shanghai, Xinjiang, Shaanxi, Sichuan, Gansu, Inner Mongolia and other places.

The regional distribution of production and consumption of methanol industry determines that the current domestic trade of methanol is generally flowing from west to east, and the transportation is also mainly long-distance transportation by land (train or bus). From the current situation, the one-way flow of methanol transportation will remain for a long time. As methanol transportation requires the use of special tankers, there are many phenomena of empty return of transportation tools, resulting in waste of transportation capacity, which further aggravates the tension of railway transportation. In addition, this long-distance transportation reduces the stability and flexibility of supply, which can not be adjusted in time according to customer demand, and also makes methanol transportation costs rise significantly. Since transportation costs account for a large proportion (15% - 30%) of methanol prices, their changes will have a significant impact on methanol prices.

　　 2. Methanol import and export

China is a major consumer of methanol. From 2001 to 2007, with the rapid growth of domestic methanol production capacity and output, the methanol import volume gradually decreased, the export volume gradually increased, and the import dependence significantly decreased. In 2007, China's methanol import volume and import dependence reached a stage low, and the export volume significantly increased. However, since 2008, the methanol import volume has started to grow rapidly, especially in 2009 and 2010, the annual methanol import volume in China has remained above 5 million tons, while the export volume is less than 20000 tons, and the import dependency has risen to more than 20%.

Methanol import and export volume and import dependence in recent years

particular year	Import volume (10000 tons)	Export volume (10000 tons)	Import dependency (%)
two thousand and one	one hundred and fifty-two point one	zero point nine six	forty-two point two six
two thousand and two	one hundred and seventy-nine point nine	zero point zero nine	forty-six point zero two
two thousand and three	one hundred and forty point two	five point zero eight	thirty-one point one three
two thousand and four	one hundred and thirty-five point nine	three point three	twenty-three point one three
two thousand and five	one hundred and thirty-six	five point four	nineteen point six zero
two thousand and six	one hundred and twelve point seven	nineteen	eleven point one six
two thousand and seven	eighty-four point five	fifty-six point three	two point seven one
two thousand and eight	one hundred and forty-three point four	thirty-six point seven six	eight point seven six
two thousand and nine	five hundred and twenty-eight point seven nine	one point three eight	thirty-one point nine six
two thousand and ten	five hundred and eighteen point nine	one point two four	twenty-four point seven three

Data source: China Customs statistics

The main sources of methanol import in China are Iran, Saudi Arabia, New Zealand, Malaysia, Bahrain, Indonesia, Chile, etc. The top five countries in terms of import volume in 2010 were Iran (2153400 tons, accounting for 41.5%), Saudi Arabia (739400 tons, accounting for 14.25%), Oman (679200 tons, accounting for 13.09%), Qatar (438000 tons, accounting for 8.44%) Malaysia (203900 tons, accounting for 3.93%).

Statistical Table of Methanol Import by Customs from 2008 to 2010

2008			2009			2010
Customs name	Import volume (10000 tons)	Proportion	Customs name	Import volume (10000 tons)	Proportion	Customs name	Import volume (10000 tons)	Proportion
Nanjing Customs	seventy-eight point nine	55%	Nanjing Customs	three hundred and fifteen point two	59.6%	Nanjing Customs	two hundred and ninety-one point nine five	56.3%
Guangzhou Customs	twenty-nine point seven	20.7%	Guangzhou Customs	sixty-nine point nine	13.2%	Guangzhou Customs	eighty-five point nine zero	16.6%
gongbei customs	nine point eight	6.9%	Ningbo Customs	thirty-four point six	6.5%	Ningbo customs	thirty-seven point five zero	7.2%
Huangpu Customs	eight point five	5.9%	Qingdao Customs	twenty-nine point eight	5.6%	Huangpu Customs	thirty-seven point four four	7.2%
Ningbo Customs	five point two	3.6%	Huangpu Customs	twenty-eight point four	5.4%	Xiamen Customs	twenty-eight point nine eight	5.6%
Hangzhou Customs	four	2.8%	Xiamen Customs	twenty-one point two	4%	Hangzhou Customs	nine point three three	1.8%
Xiamen Customs	three point three	2.3%	gongbei customs	fifteen point four	2.9%	gongbei customs	eight point nine six	1.7%
Shenzhen Customs	two	1.4%	Hangzhou Customs	four point seven	0.9%	Nanning Customs	eight point zero two	1.5%
other	two	1.4%	other	nine point six	1.9%	other	ten point eight seven	2.1%
total	one hundred and forty-three point four	100%	total	five hundred and twenty-eight point eight	100%	total	five hundred and nineteen	100%

Data source: 2010 Treasure Island Methanol Annual Report

　　 4、 International supply and demand of methanol

1. Global methanol supply and demand

Since the beginning of this century, the global supply and demand of methanol have shown a rapid growth. The annual average growth of production capacity is more than 10%, the annual average growth of output is 7%, and the annual average growth of demand is nearly 5%. In 2000, the global methanol production capacity was 38.03 million tons, the output was 29.09 million tons, and the demand was 28.17 million tons; In 2003, the global methanol production capacity exceeded 40 million tons, and the output and demand exceeded 30 million tons; In 2007, the global methanol production capacity exceeded 50 million tons, reaching 52.09 million tons, the output was 39.03 million tons, and the demand was 38.97 million tons; In 2008, the global methanol production capacity was nearly 60 million tons, and the output and demand exceeded 40 million tons; In 2009, the production capacity increased significantly to 75 million tons, the output was 42.11 million tons, and the demand was 42.07 million tons; In 2010, the global methanol production capacity reached about 100 million tons, the output was 57 million tons, and the demand was 45.2 million tons.

Global methanol supply and demand from 1999 to 2010

Unit: 10000 tons

particular year	capacity	yield	requirement	Operation rate (%)
one thousand nine hundred and ninety-nine	three thousand four hundred and ninety-eight	two thousand eight hundred and one	two thousand seven hundred and thirty-seven	eighty point one
two thousand	three thousand eight hundred and three	two thousand nine hundred and nine	two thousand eight hundred and seventeen	seventy-six point five
two thousand and one	three thousand eight hundred and forty-one	two thousand nine hundred and fifty-seven	two thousand eight hundred and ninety-nine	seventy-seven
two thousand and two	three thousand eight hundred and forty-one	three thousand and sixty-five	two thousand nine hundred and eighty-four	seventy-nine point eight
two thousand and three	four thousand and thirteen	three thousand one hundred and forty	three thousand and seventy-one	seventy-eight point two five
two thousand and four	four thousand and sixty	three thousand and three hundred	three thousand one hundred and eighty	eighty-one point three
two thousand and five	four thousand three hundred and thirty-five	three thousand five hundred and seventy-seven	three thousand five hundred and seventy-six	eighty-two point five
two thousand and six	four thousand six hundred and six	three thousand six hundred and twenty-seven	three thousand six hundred and twenty-nine	seventy-eight point seven
two thousand and seven	five thousand two hundred and nine	three thousand nine hundred and three	three thousand eight hundred and ninety-seven	seventy-four point nine
two thousand and eight	five thousand nine hundred and twelve	four thousand and twenty-eight	four thousand and forty-five	sixty-eight point one
two thousand and nine	seven thousand and five hundred	four thousand two hundred and eleven	four thousand two hundred and seven	fifty-six point one five
two thousand and ten	nine thousand eight hundred and forty-five	five thousand and seven hundred	four thousand five hundred and twenty	fifty-seven point nine

Data source: MMSA Global Methanol Supply and Demand Balance

2. Global methanol production distribution

In terms of countries, methanol production in the world is mainly distributed in natural gas production areas, including Saudi Arabia, Iran and other Middle East countries; Trinidad, Venezuela, Chile and other Caribbean and South American countries; Indonesia, Malaysia and other Southeast Asian countries; Russia and other former Soviet Union countries as well as China (China has some natural gas methanol plants).

It is estimated that in 2015, the global methanol nominal capacity will exceed 100 million tons, the actual consumption will be 75 million to 80 million tons, the average utilization rate of effective capacity will be about 80%, and the capacity of China will also be controlled at about 50 million tons.

At present, there are 7 super large methanol manufacturers in the world accounting for a large share of the world's methanol production, and their total capacity accounts for 44% of the world's total capacity. The world's largest methanol producer is Methanex, headquartered in Canada, with an annual production capacity of more than 8 million tons. It has production facilities in Canada, Chile, New Zealand, Trinidad and Tobago and the United States. Its total production capacity accounts for 21% of the world's total capacity, and its supply covers 40% - 50% of the global methanol market, accounting for one third of the world's exports; The second is Saudi Basic Industries Corporation (SABIC), whose production capacity accounts for about 9% of the global total capacity; Borden and BMC in the United States, TOMCK and Γ y Б AXA in Russia and Edmonton in Canada also ranked top.

In the Middle East, Latin America and North Africa, the rich natural gas resources and cheap prices have attracted many investors. In the next few years, a large number of methanol construction projects will be put into operation in the Middle East, of which the capacity of methanol projects under construction in Saudi Arabia is nearly 3.35 million tons and that in Iran is 4.25 million tons. According to statistics, from 2008 to 2010, the total production capacity of new methanol plants in the world reached 29.7 million tons.

Global methanol capacity distribution in 2010

Unit: 10000 tons

Name of manufacturer	Country	2010 Capacity	Capacity under construction	remarks
Methanex	Chile	three hundred and eighty-four	zero
Methanex	Trinidad	two hundred and fifty-five	zero
Methanex	New Zealand	two hundred and forty	zero	One set of 900000 tons/year is kept in production, The other two sets of 1.5 million t/a units are idle
Methanex	Egypt	zero	one hundred and thirty
Sabic	Saudi Arabia	four hundred and eighty	zero
Sabic	Bahrain	forty-five	zero
NPC	Iran	one hundred and eight	zero
ZPC	Iran	three hundred	zero
KPC	Iran	sixty-six	zero
Oman Methanol Company	Oman	one hundred	zero
Salalah Methanol Company	Oman	one hundred	zero
Petronas	Malaysia	two hundred and thirty-six	zero
Kaltim	Indonesia	sixty-six	zero
Medco	Indonesia	thirty-three	zero
QAFAC	Qatar	one hundred	zero
BMC	Brunei	eighty-five	zero
Others		3,021	zero

Note: The table only lists the data of foreign businessmen who have export to China Source: 2010 Yimao Information Methanol Annual Report