Methanex Corp., the world’s largest producer and supplier of methanol, maintained – for the fifth straight month – its Asian contract price (ACP) for June 2021 at $430 per ton
Month | Value (Dollar\Ton) | Change |
---|---|---|
2021 January | 405.00 | 55.00 |
2021 February | 430.00 | 25.00 |
2021 March | 430.00 | 0.00 |
2021 April | 430.00 | 0.00 |
2021 May | 430.00 | 0.00 |
2021 June | 430.00 | 0.00 |
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 $315 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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