AI Summary
Methanex Corp., the world’s largest producer and supplier of methanol, raised its Asian contract price (ACP) for November by $10 month-on-month (MoM) to $370 per ton.
| Month | Value (Dollar\Ton) | Change |
|---|---|---|
| 2023 January | 410.000 | 0.000 |
| 2023 February | 430.000 | 20.000 |
| 2023 March | 430.000 | 0.000 |
| 2023 April | 405.000 | (25.000) |
| 2023 May | 395.000 | (10.000) |
| 2023 June | 345.000 | (50.000) |
| 2023 July | 325.000 | (20.000) |
| 2023 August | 315.000 | (10.000) |
| 2023 September | 315.000 | 0.000 |
| 2023 October | 360.000 | 45.000 |
| 2023 November | 370.000 | 10.000 |
The monthly prices set by Methanex are a benchmark for other producers and spot markets. The company gives a 15% discount on average to buyers.
The spot price in China, the world’s biggest importer of methanol, reached $275 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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