Methanex cuts June methanol prices for Asian buyers to $480/ton

30/05/2022 Argaam Exclusive

Methanex Corp., the world’s largest producer and supplier of methanol, lowered its Asian contract price (ACP) for June to $480 per ton, a decline of $40 month-on-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
2022 May 520.00 (20.00)
2022 June 480.00 (40.00)

Monthly prices issued by Methanex are considered a benchmark for other producers and for the spot market.

 

The company gives a discount of 15% of the contract price to buyers.

 

The spot price in China, the world’s biggest importer of methanol, reached $345 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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