Methanex , the world ’s largest producer of methanol by capacity , has cut its North American methanol contract price for March by 3 cents to 12 cents a gallon , or $ 469 per metric ton . The announcement follows the March price cut by Standard Chemical Corporation ( SCC ) , which is the US distributor for the largest ethanol producer in the Americas , Methanol Holdings Trinidad . 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. Taking into account an average 20 % in discounts and rebates , the net contract price for this month works out at 119 cents per gallon .
Methanex , the world ’s largest producer of methanol by capacity , has cut its North American methanol contract price for March by 3 cents to 12 cents a gallon , or $ 469 per metric ton . The announcement follows the March price cut by Standard Chemical Corporation ( SCC ) , which is the US distributor for the largest ethanol producer in the Americas , Methanol Holdings Trinidad . Taking into account an average 20 % in discounts and rebates , the net contract price for this month works out at 119 cents per gallon .