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Methanex announces regional methanol contract prices
05 May '15
1 min read
Methanex, the world’s largest producer and supplier of methanol to major international markets, has posted regional contract methanol prices for North America, Europe and Asian regions.
For the Asia-Pacific region, the Asian posted contract price for May 1-31 will be US$ 390/mt, the company said on its website.
For the European region, however, Methanex kept its posted contract price for May 1 to June 30 unchanged from the April 2015 price of at €365/mt.
For the North American region, Methanex has announced its non-discounted reference price for May 1-31 at $1.33/Gal or $442/mt (converted to $/mt using a conversion rate of 332.6 Gal per 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. (RKS)
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