Methanex posts 4-cent hike for N American August methanol

28 July 2009 23:57  [Source: ICIS news]

HOUSTON (ICIS news)--Global producer Methanex on Tuesday nominated its August North American methanol contract prices at 72 cents/gal ($239/tonne, €167/tonne), a 4-cent hike from its July rates.

The increase came as no surprise to market players, as most were expecting to see a rise due to higher spot prices.

US methanol spot prices were at 66-69 cents/gal FOB (free on board) USG (US Gulf), according to data from global chemical market intelligence service ICIS pricing.

($1 = €0.70)

For more about methanol go to 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