Methanex reduces May Methanol Asian nominations by $ 20 per tonne

01/01/2014 Argaam Special

 

Methanex, the world’s largest producer of Methanol, has reduced its nomination for May Methanol Asian Contract Price to $ 460/tonne, $20/tonne less than April’s level.

North American May contract price nomination was reduced $34 to $ 565/tonne.

Monthly selling price set by Methanex is used as a guide to the rest of Methanol producing companies and for spot market.

 

Methanex’s ACP for Methanol

Changefrompreviousmonth

  

Nomination Price ($/ton)

Month

+40

  

590

January 2014

--

  

590

February

--

  

590

March

(110)

  

480

April

(20)

  

460

May
 

The Saudi Companies SABIC, SIPCHEM and Chemanol in addition to Qatar industries Company are the largest producers of Methanol in Asia.

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