Methanex sets August methanol prices to Asian buyers

26/07/2023 Argaam Exclusive

Methanex Corp., the world’s largest producer and supplier of methanol, slashed its Asian contract price (ACP) for August by $10 month-on-month (MoM) to $315 per ton.

 

August’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)
2023 July 325.00 (20.00)
2023 August 315.00 (10.00)

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 $255 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

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