Methanex sets April methanol prices to Asia at $540/ton

30/03/2022 Argaam Exclusive

Methanex Corp., the world’s largest producer and supplier of methanol, raised its Asian contract price (ACP) for April to $540 per ton, an increase of $60 compared with the previous month.

Asia Futures Contract Prices for Methanol

Month Value (Dollar\Ton) Change
2022 January 500.00 (20.00)
2022 February 480.00 (20.00)
2022 March 480.00 0.00
2022 April 540.00 60.00

Monthly prices issued by Methanex are considered as a benchmark 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 $400 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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