Houston — Methanex cut its North American posted methanol contract price for March by 3 cents to 149 cents/gal ($469/mt) FOB USG, the company said late Friday. Receive daily email alerts, subscriber notes & personalize your experience. Methanex's reduction follows SCC's March contract price announcement, which rolled from February at 149 cents/gal ($469/mt) FOB USG, the company said Thursday. With discounts and rebates averaging 20%, the net contract price for March comes to 119.2 cents/gal. US spot methanol was assessed Friday at 116.75-117.25 cents/gal FOB USG for February and 118.25-118.75 cents/gal FOB USG for March. Methanex ranks as the world's largest methanol producer by capacity. SCC serves as the US distributor for Methanol Holdings Trinidad, the largest producer in the Americas at 4.1 million mt/year. --Daria Campbell, daria.campbell@spglobal.com--Edited by Jason Lindquist, jason.lindquist@spglobal.com
Methanex, the world’s largest producer of methanol by capacity, has cut its North American methanol contract price for March by 3 cents to 149 cents a gallon, or $469 per metric ton. The announcement follows the March price announcement by Southern Chemical Corporation (SCC), which is the US distributor for the largest ethanol producer in the Americas, Methanol Holdings Trinidad. “While we are disappointed that prices have fallen so far this year, our customers and suppliers will benefit from lower costs as demand continues to grow across the United States,” said CEO John O’Leary.