Methanex sets July methanol prices to Asia at $420/ton

30/06/2021 Argaam Exclusive

Methanex Corp., the world’s largest producer and supplier of methanol, decreased its Asian contract price (ACP) for July 2021 by $10 to $420 per ton, compared with the previous month.

 

Monthly prices issued by Methanex are considered as an indicative price for other producers, as well as for the spot market.

Asia Futures Contract Prices for Methanol

Month Value (Dollar\Ton) Change
2021 January 405.00 55.00
2021 February 430.00 25.00
2021 March 430.00 0.00
2021 April 430.00 0.00
2021 May 430.00 0.00
2021 June 430.00 0.00
2021 July 420.00 (10.00)

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, according to data compiled by Argaam.

Methanol Producers List

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

Methanol Reports

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