China’s methanolsectoris faced with unprecedented challenges due to oversupply and low operating rate as well as low-priced products from abroad.China’s demand for synthetic resin is expected to grow steadily in 2013, varying growth driven by downstream sectors. In 2012China’s output of synthetic rubber (including latex) was up 7.06% YOY. Benefiting from new units that will be put into use in the next few years,China’s SR capacity is estimated to exceed 7.5 million t/a by 2017.