Dear colleagues, Since Q2, 2023, Oil prices keep rosing. Recently in late Sep, 2023. Both Brent and U.S. West Texas Intermediate crude futures climbed to more than $90 a barrel. Which means the comparative strengthens of China’s Coal (Methanol) to olefins products are enhanced. Based in China, with a global perspective. In order to help customers grasp the cutting-edge development direction of the industry and provide decision-making reference, AsiaChem Consulting has released the <CTO/MTO Quarterly Report 2023>. <CTO/MTO Quarterly Report> is scheduled to be published each quarter in PDF & Excel electronic document format. The content as follows: ● Operation analysis of CTO/MTO units that have been put into productionTable - Project Information (Updated in 2023Q2)Table - Operational Dynamics (Updated in 2023Q2)Project Analysis (Updated in 2023Q2)● Comparison of the competitiveness of CTO/MTO, PDH, and naphtha to olefins in 2023Q2Figure - Map of CTO/MTO projects in operation in China (updated in 2023Q2)Table - Comparison of production costs of olefins from coal, methanol, naphtha, and PDH (updated in 2023Q2)● CTO/MTO commissioning, construction, preliminary work and planned project updatesTable - CTO/MTO Commissioning and Construction Projects 2023Q2 Progress UpdateTable - CTO/MTO preliminary work and planned projects 2023Q2 progress update● China’s CTO/MTO production capacity growth forecast (2023-2027, updated in 2023Q2)Figure - China’s CTO/MTO production capacity forecast from 2023 to 2027●The impact of CTO/MTO on China’s methanol supply, demand and logisticsFigure - China’s methanol production capacity forecast from 2023 to 2027Figure - China’s methanol production capacity distribution and partial/complete outsourced methanol-to-olefins project map●Analysis of factors affecting CTO/MTO competitiveness 2023Q2Analysis of the impact of coal, methanol, crude oil and propane●CTO/MTO competitiveness forecast 2023Q3 Publication description and schedule l Both in Chinese & English versionl Published in the form of PDF&Excel documents and sent to readers by email;l The PDF portion of each issue is about 70-80 pages;l One-year subscription, 4 issues in total; If you are interested in subscribing to the "CTO/MTO Quarterly Report 2023", please contact:Email: arlene@chemweekly.com, Figure - Map of CTO/MTO projects in operation in China (updated in 2023Q2) Table - Comparison of production costs of olefins from coal, methanol, naphtha, and PDH (updated in 2023Q2), China’s methanol-to-olefins (MTO) industry is evolving rapidly, fueled by rising demand for olefins like ethylene and propylene. Facing high methanol costs and competition from new steam crackers, MTO facilities are adjusting production strategies to maintain profitability..