Methanex sets June methanol prices to Asian buyers

30/05/2023 Argaam Exclusive

Methanex Corp., the world’s largest producer and supplier of methanol, slashed its Asian contract price (ACP) for June by $50 month-on-month (MoM) to $345 per ton.

 

June’s prices are the lowest in nearly two and half years, or since November 2020.

Asia Futures Contract Prices for Methanol

Month Value (Dollar\Ton) Change
2023 January 410.00 0.00
2023 February 430.00 20.00
2023 March 430.00 0.00
2023 April 405.00 (25.00)
2023 May 395.00 (10.00)
2023 June 345.00 (50.00)

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 $245 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

Methanol Reports

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.