Methanex Corp., the world’s largest producer and supplier of methanol, cut its Asian contract price (ACP) for May by $10 month-on-month (MoM) to $395 per ton.
May 2023 prices are considered the lowest in nearly two and half years, or since December 2020.
Month | Value (Dollar\Ton) | Change |
---|---|---|
2023 January | 410.000 | 0.000 |
2023 February | 430.000 | 20.000 |
2023 March | 430.000 | 0.000 |
2023 April | 405.000 | (25.000) |
2023 May | 395.000 | (10.000) |
The monthly prices set by Methanex are a benchmark for other producers and spot markets.
The company gives a 15% discount on average to buyers.
The spot price in China, the world’s biggest importer of methanol, reached $300 per ton, according to the latest 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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