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Methanex sets December methanol prices to Asia at $350/ton
AI Summary
Content Summary: 
Methanex Corp., the world’s largest producer and supplier of methanol, raised its Asian contract price (ACP) for December 2020 by $40 to $350 per ton, compared to November prices.
Monthly prices issued by Methanex are considered as an indicative price for other producers, as well as for the spot market.
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 |
| 2020 October | 300.000 | 40.000 |
| 2020 November | 310.000 | 10.000 |
| 2020 December | 350.000 | 40.000 |
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 $245 per ton, according to data compiled by Argaam.
Methanol Producers List
| Production Company | Company Status | Production Capacity (Thousand tons) | Usage |
|---|---|---|---|
| Methanol Chemicals Co. | Listed | 231.000 | Feedstock |
| International Methanol Company | Unlisted | 1,300.000 | Final Product |
| Saudi Methanol Company | Unlisted | 4,800.000 | Final Product |
| National Methanol Company | Unlisted | 1,050.000 | Feedstock |
| Gulf Petrochemical Industries Co | Unlisted | 450.000 | Final Product |
| Total | 7,831.000 | ||
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