AI Summary
Methanex Corp., the world’s largest producer and supplier of methanol, cut its Asian contract prices (ACP) for August by $30 month-on-month to $420 per ton.
| Month | Value (Dollar\Ton) | Change |
|---|---|---|
| 2022 January | 500.000 | (20.000) |
| 2022 February | 480.000 | (20.000) |
| 2022 March | 480.000 | 0.000 |
| 2022 April | 540.000 | 60.000 |
| 2022 May | 520.000 | (20.000) |
| 2022 June | 480.000 | (40.000) |
| 2022 July | 450.000 | (30.000) |
| 2022 August | 420.000 | (30.000) |
Monthly prices issued by Methanex are considered a benchmark for other producers and for the spot market.
The company gives a discount of 15% of the contract price 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 | 231.000 | Feedstock |
| International Methanol Company | Unlisted | 1,300.000 | Final Product |
| Saudi Methanol Company | Unlisted | 4,800.000 | Final Product |
| National Methanol Company | Unlisted | 1,050.000 | Feedstock |
| Gulf Petrochemical Industries Co | Unlisted | 450.000 | Final Product |
| Total | 7,831.000 | ||
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