27 August 2007 20:50 [Source: ICIS news]
HOUSTON (ICIS news)--US Gulf spot methanol bid/offers for September barges were talked higher at 125-150 cents/gal ($416-499/tonne) FOB (free on board) on the back of product shortages, traders said on Monday.
Sources mentioned some offers as high as 200 cents/gal FOB.
No actual business was confirmed so far on Monday, but the bid/offer range is well above a reported September spot deal at 114 cents/gal FOB on 23 August.
A trader also said a barge amount had been sold at 93 cents/gal FOB last week.Market participants said the Lyondell plant in LaPorte, Texas, had been restarted since being shut down by flooding more than a week ago. However, sources at the company declined to comment on operating issues.
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