Methanex Corp., the world’s largest producer and supplier of methanol, maintained its Asian contract price (ACP) for April 2021 at $430 per ton, compared to March prices.
Monthly prices issued by Methanex are considered as an indicative price for other producers, as well as for the spot market.
| Month | Value (Dollar\Ton) | Change |
|---|---|---|
| 2021 January | 405.000 | 55.000 |
| 2021 February | 430.000 | 25.000 |
| 2021 March | 430.000 | 0.000 |
| 2021 April | 430.000 | 0.000 |
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 $290 per ton, according to data compiled by Argaam.
| 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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