Methanex maintains June 2021 methanol prices to Asia at $430/ton

31/05/2021 Argaam Exclusive

Methanex Corp., the world’s largest producer and supplier of methanol, maintained – for the fifth straight month – its Asian contract price (ACP) for June 2021 at $430 per ton

Asia Futures Contract Prices for Methanol

Month Value (Dollar\Ton) Change
2021 January 405.00 55.00
2021 February 430.00 25.00
2021 March 430.00 0.00
2021 April 430.00 0.00
2021 May 430.00 0.00
2021 June 430.00 0.00

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 $315 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 450.00 Final Product
Total 7,831.00


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