Methanex Increased Its Regional Contract Price for The Asia-Pacific Region for March

Methanex, the world’s largest producer and supplier of methanol to major international markets, has increased its regional contract price for the Asia-Pacific region for March 2015 contracts.

For the Asia-Pacific region, Methanex has increased its Asian posted contract price for March 1-31 to US$ 330/mt, compared to February 2015 contract price of $315/mt.

For the European region, however, Methanex kept its posted contract price for March 1-31 at €339/mt, unchanged from the February 2015 price.

For the North American region, too, Methanex has kept its non-discounted reference price for March 1-31 at $1.25/Gal or $416/mt (converted to $/mt using a conversion rate of 332.6 Gal per mt), same as the price in February 2015.

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.