Methanex sets February methanol prices to Asian buyers

30/01/2024 Argaam Exclusive

Methanex Corp., the world’s largest producer and supplier of methanol, raised its Asian contract price (ACP) for February by $10 month-on-month (MoM) to $390 per ton.

Asia Futures Contract Prices for Methanol

Month Value (Dollar\Ton) Change
2024 January 380.00 0.00
2024 February 390.00 10.00

The monthly prices set by Methanex represent 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 $285 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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