NewsFlashSCC nominates 5 cent methanol price cut

22 October 2008 17:33  [Source: ICIS news]

HOUSTON (ICIS news)--Southern Chemical Company (SCC) on Wednesday nominated a US Gulf coast (USG) non-discounted methanol contract price for November at 146.5 cents/gal, a 5-cent drop from October.

The October FOB (free on board) USG (US Gulf) price was 151.5 cents/gal. which was down 3.5 cents from the September contract.

Sources said that slumping demand amid a slowing US economy provided the impetus for the price cut despite the shutdown of the 1.89m tonne/year M5000 methanol plant facility in Trinidad & Tobago.

For more on methanol visit ICIS chemical intelligence
To discuss issues facing the chemical industry go to ICIS connect

By: Steven McGinn
+1 713 525 2653

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.

Printer Friendly