Methanex Corp., the world’s largest producer and supplier of methanol, increased its Asian contract price (ACP) for October by $50 month-on-month (MoM) to $510 per ton.
These prices are the highest since November 2018.
| 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 |
| 2021 July | 420.00 | (10.00) |
| 2021 August | 420.00 | 0.00 |
| 2021 September | 460.00 | 40.00 |
| 2021 October | 510.00 | 50.00 |
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 $355 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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