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.
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. Taking into account an average 20% in discounts and rebates, the net contract price for this month works out at 119 cents per gallon.