Methanex cuts June methanol prices to Asia by $10/ton

31/05/2020 Argaam Exclusive

Methanex Corp., the world’s largest producer and supplier of methanol, cut its Asian contract price (ACP) for June 2020 by $10 to $215 per ton compared to May.

Asia Futures Contract Prices for Methanol

Month Value (Dollar\Ton) Change
2020 January 275.00 0.00
2020 February 335.00 60.00
2020 March 310.00 (25.00)
2020 April 260.00 (50.00)
2020 May 225.00 (35.00)
2020 June 215.00 (10.00)

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 $160 per ton, data compiled by Argaam showed.

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

Methanol Reports

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