Methanex slashes methanol prices for Asia Pacific

05 Sep '15

1 min read

Methanex, the world's largest producer and supplier of methanol to major international markets, has decreased its regional contract price for the Asia-Pacific and North American regions for September contracts, according to the new price posted on the company website.

For the Asia-Pacific region, Methanex has decreased its Asian posted contract price for September 1-30 to $315/mt, compared to the August contract price of $360/mt.

For the North American region, Methanex has decreased its non-discounted reference price for September 1-30 to $ 1.10/Gal or $366/mt (converted to $/mt using a conversion rate of 332.6 Gal per mt) from last month's price of $ 1.25/Gal or $416/mt.

For the European region, Methanex posted contract price for July 1- September 30, 2015 remains at the earlier announced price of €365/mt ($409.99/mt).

Methanol, also known as methyl alcohol, is a clear liquid chemical that is water soluble and readily biodegradable. It is used to produce other chemical derivatives, which in turn are used to produce everyday products, including polyester, foams and resins. (HO)

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