Methanex sets December methanol prices for Asia

30/11/2023 Argaam Exclusive

Methanex Corp., the world’s largest producer and supplier of methanol, raised its Asian contract price (ACP) for December by $10 month-on-month (MoM) to $380 per ton.

Asia Futures Contract Prices for Methanol

Month Value (Dollar\Ton) Change
2023 January 410.00 0.00
2023 February 430.00 20.00
2023 March 430.00 0.00
2023 April 405.00 (25.00)
2023 May 395.00 (10.00)
2023 June 345.00 (50.00)
2023 July 325.00 (20.00)
2023 August 315.00 (10.00)
2023 September 315.00 0.00
2023 October 360.00 45.00
2023 November 370.00 10.00
2023 December 380.00 10.00

The monthly prices set by Methanex are a benchmark for other producers and spot markets. The company gives a 15% discount on average to buyers.

 

Spot methanol in China, the world’s biggest importer of methanol, reached $280 per ton, according to the latest 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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