Methanex cuts methanol prices to Asian buyers by $45/MT in Sept.

Methanex Corp., the world's largest producer and supplier of methanol, has cut its September nomination for methanol Asian contract prices (ACP) by $45 per metric ton (MT) to $315/MT, when compared to the previous month.  

North America nominations for September have also been reduced $50/MT to $366/MT.

Methanex’s set prices are considered a benchmark for other methanol producers.

Saudi Basic Industries Corp. (SABIC), Saudi International Petrochemical Co. (Sipchem), the Saudi-based Methanol Chemicals Co. (Chemanol) and Qatar Industries (QI) are also among the top methanol producers in Asia.