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Methanex decreases methanol prices in Asia & North America
06 Jan '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 January 2015 contracts.
For the Asia-Pacific region, Methanex has decreased its Asian posted contract price for January 1-31 to US$ 355/mt, compared to December 2014 contract price of $415/mt.
Similarly, for the North American region, Methanex has decreased its non-discounted reference price for January 1-31 to $1.35/Gal or $449/mt (converted to $/mt using a conversion rate of 332.6 Gal per mt) from December’s price of $1.43/Gal or $475/mt.
However, for the European region, Methanex has kept its posted contract price for January 1-March 31, 2015 at €354/mt, unchanged from the previous quarter.
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. (RKS)
Fibre2fashion News Desk - India
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