Methanex sets December methanol prices for Asian customers

27/11/2024 Argaam Exclusive

Methanex Corp., the world’s largest producer and supplier of methanol, kept its Asian contract price (ACP) for December unchanged month-on-month (MoM) at $400.

Asia Futures Contract Prices for Methanol

Month Value (Dollar\Ton) Change
2024 January 380.00 0.00
2024 February 390.00 10.00
2024 March 400.00 10.00
2024 April 400.00 0.00
2024 May 400.00 0.00
2024 June 420.00 20.00
2024 July 410.00 (10.00)
2024 August 400.00 (10.00)
2024 September 400.00 0.00
2024 October 400.00 0.00
2024 November 400.00 0.00
2024 December 400.00 0.00

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.

 

The spot price in China, the world’s biggest importer of methanol, reached $295 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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