Methanex, the world’s largest producer of Methanol, has reduced its nomination for July Methanol Asian Contract Price to $ 410/tonne, $20/tonne less than June’s level.

 

North American July contract price nomination was reduced $50 to $ 482/tonne.

European third quarter contract price nomination was also reduced EUR 90 to EUR 322/tone.

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

Change from previous month

  

Nomination Price ($/ton)

Month

+40

  

590

January 2014

--

  

590

February

--

  

590

March

(110)

  

480

April

(20)

  

460

May

(30)

  

430

June

(20)

  

410

July
 

 

 

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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