AI Summary
Methanex Corp., the world’s largest producer and supplier of methanol, increased its Asian contract price (ACP) for February 2021 by $25 to $430 per ton, the highest level in more than two years.
Monthly prices issued by Methanex are considered as an indicative price for other producers, as well as for the spot market.
| Month | Value (Dollar\Ton) | Change |
|---|---|---|
| 2021 January | 405.00 | 55.00 |
| 2021 February | 430.00 | 25.00 |
The company gives an average of 15% discount to buyers compared to contract prices.
The spot price in China, the world’s biggest importer of methanol, reached $310 per ton, accordingt o 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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