Home / Knowledge / News / Textiles / Methanex announces methanol contract prices for Sept'14
Methanex announces methanol contract prices for Sept'14
02
Sep '14
Methanex, the world’s largest producer and supplier of methanol to major international markets, has announced its new regional contract methanol prices for North America and Asia Pacific regions.
 
For the North American region, Methanex has unaltered its non-discounted reference price for September 1-30, 2014 at US$ 1.45/Gal or $482/mt (converted to $/mt using a conversion rate of 332.6 Gal per mt) from the previous month’s price, according to the company’s website.
 
For the Asia-Pacific region, however, the company has increased its Asian posted contract price for September 1-30, 2014, to $420/mt, compared to August contract price of $410/mt.
 
For European region, Methanex had earlier announced its contract price for July1-September 30, 2014 period to be €322/mt, much lower than the contract price of €412/mt in the second quarter of this year.
 
Methanol is an organic chemical that is used in the textile industry in manufacturing processes. 
 
Last week, Methanex Corporation said that it expects around 20 percent gas curtailments to its two methanol plants in Trinidad in the second half of 2014.
 
Methanex said the National Gas Company (NGC) has advised it to expect higher gas curtailments in the second half of 2014, compared to the first half, due to upstream platform maintenance and tie-in activities and the ongoing mismatch between upstream commitments and downstream demand from customers.
 
Methanex said it continues to work with the Trinidad Government and other stakeholders with a view to resolving gas supply shortfalls to its Trinidad plants. However, the methanol producer added that the situation is dynamic and it is difficult to forecast the gas curtailments or when 100% gas supply can be expected to return.
 
Methanex is the operator of two plants in Trinidad, Titan and Atlas and holds 100% and 63.1% interests respectively, in the two facilities. The combined production capacity of the two plants located in Point Lisas Industrial Estate in Central Trinidad is around two million tonnes.
 
For the second quarter of 2014, Methanex reported adjusted EBITDA of $160 million, compared to $157 million reported in the quarter ended June 30, 2013. Adjusted net income stood at $91 million or $0.94 per share on a diluted basis in the second quarter of 2014, compared to adjusted net income of $99 million or $1.02 per share from a year earlier.
 

Fibre2fashion News Desk - India


Must ReadView All

EU renews GSP+ scheme for Pakistan 2 years

Apparel/Garments | On 24th Feb 2018

EU renews GSP+ scheme for Pakistan 2 years

Pakistani exporters can enjoy preferential duties on exports to the...

Surat wary of e-way bills

Textiles | On 24th Feb 2018

Surat wary of e-way bills

There is no respite for Surat’s textile manufacturers and retailers....

Retailers choose sides in Alibaba-Tencent battle in China

Apparel/Garments | On 24th Feb 2018

Retailers choose sides in Alibaba-Tencent battle in China

Two big Chinese firms— Alibaba Group Holding Ltd and Tencent Holdings ...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

February 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search