What causes the price of methanol to be so high? Is it related to oil? When can we reduce the price?
It has nothing to do with oil, because people are looking for energy to replace oil and find a way out for energy crops (mainly converted into alcohol). Energy crops are easy to grow and have high returns. Energy crops will reduce the cultivation of food crops, so there is a situation of rising food prices and food shortage. With the increase in the price of food and energy crops, the price of methanol naturally rises. This is a vicious circle.