23 September 2008 17:29 [Source: ICIS news]
(adds paragraph 3-4)
LONDON (ICIS news)--The fourth-quarter Methanex European posted contract price (MEPCP) has been rolled over at €295/tonne ($434/tonne) with two of its customers, according to a Methanex company source.
“Most of the market was aligned for that number,” Philippe Arendt, director of marketing and logistics at the Canada-based producer said.
Methanex based its decision to keep the price stable on energy values edging down, the increased strength of the US dollar and recent developments in ?xml:namespace>
“Demand is not as high as anticipated,” Arendt said, speaking about the situation in
The MEPCP, done on a free on board (FOB)
($1 = €0.68)
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|