Methanex, the world’s largest producer and supplier of methanol to major international markets, has increased it regional contract methanol price for the North American region, while keeping it unaltered for Europe and Asia-Pacific regions for November contracts.
For the North American region, Methanex has slightly increased its non-discounted reference price for November 1-30 to US$ 1.50/Gal or $499/mt (converted to $/mt using a conversion rate of 332.6 Gal per mt) from October’s price of US$ 1.45/Gal or $482/mt.
For the Asia-Pacific region, however, the company has kept its Asian posted contract price for November 1-30 unaltered from October’s price of $435/mt.
For European region, Methanex posted contract price for October 1-December 31, 2014 remains at the earlier announced price of €354/mt, compared to the contract price of €322/mt in the third quarter of this year.
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)
