In China, Methanol prices inched up slightly in the week due to improved support from downstream market. In the initial days of the reporting week, prices were at US$ 360/ton, slightly up as compared to its previous week. Methanol prices were spotted at US$ 360-365/ton CFR China.

Methanol prices were stable in the same week in Korea and Japan. Methanol prices in the range of US$ 365-375/ton FOB Korea and CFR Japan.

In India, Methanol prices went down slightly due to ample availability in the region and were marked at US$ 315-320/ton CFR India. In S.E. Asia, Methanol prices surged up slightly and were assessed at US$ 365-370/ton CFR S.E. Asia.

Methanol prices went up marginally in Europe last week, and were assessed in the range of US$ 290-305/ton FOB Rotterdam. Contract prices posted by Methanex for October to December are € 340/ton FOB NWE.

Prices of Methanol were stable in US in the same week. Spot prices of Methanol were in the range of 110-115 (cents/gallon) FOB US.

Fibre2fashion News Desk - India