Methanex sets September methanol prices to Asia at $260/ton

31/08/2020 Argaam Exclusive

Methanex Corp., the world’s largest producer and supplier of methanol, raised its Asian contract price (ACP) for September 2020 by $15 to $260 per ton, compared to August prices.

 

Asia Futures Contract Prices for Methanol

Month Value (Dollar\Ton) Change
2020 January 275.000 0.000
2020 February 335.000 60.000
2020 March 310.000 (25.000)
2020 April 260.000 (50.000)
2020 May 225.000 (35.000)
2020 June 215.000 (10.000)
2020 July 215.000 0.000
2020 August 245.000 30.000
2020 September 260.000 15.000

Monthly prices issued by Methanex are considered as an indicative price for other producers, as well as for the spot market.

 

The company gives an average of 15% discount to buyers compared to contract prices.

 

The spot price in China, the world’s biggest importer of methanol, reached $180 per ton, according to data compiled by Argaam.

Methanol Producers List

Production Company Company Status Production Capacity (Thousand tons) Usage
Methanol Chemicals Co. Listed 231.00 Feedstock
International Methanol Company Unlisted 1,300.00 Final Product
Saudi Methanol Company Unlisted 4,800.00 Final Product
National Methanol Company Unlisted 1,050.00 Feedstock
Gulf Petrochemical Industries Co Unlisted 450.00 Final Product
Total 7,831.00


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