AI Summary
Methanex Corp., the world’s largest producer and supplier of methanol, raised its Asian contract price (ACP) for March by $375 month-on-month (MoM) to $740 per ton.
Prices reached an all-time high, according to data available since 2006, driven by rising oil prices amid the Iran war and the closure of the Strait of Hormuz.
| Month | Value (Dollar\Ton) | Change |
|---|---|---|
| 2026 January | 360.00 | 0.00 |
| 2026 February | 360.00 | 0.00 |
| 2026 March | 365.00 | 5.00 |
| 2026 April | 740.00 | 375.00 |
Methanex's monthly selling price serves as a benchmark for producers and spot markets, with buyers typically receiving an average 15% discount on contract prices.
In China, the world's top importer, the spot price stood at $380 per ton, according to Argaam's latest data.
| 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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