Methanex rolls over $420/tonne APCP for March methanol

25 February 2011 03:04  [Source: ICIS news]

SINGAPORE (ICIS)--Methanex said on Friday it has nominated its methanol Asian posted contract price (APCP) for March at $420/tonne (€307/tonne), a rollover of February’s price.

The level was high considering current spot values at around $350/tonne (€252/tonne) CFR (cost and freight) Korea, said a major Korean buyer.

Another buyer said there was a big gap in buying and selling ideas but declined to comment on the actual discounted price.

On Thursday, Methanex also rolled its US March contract methanol nomination at 128 cents/gal ($426/tonne, €307/tonne).

The company had also posted its first quarter methanol European Posted Contract Price at €325/tonne FOB (free on board) Rotterdam.

($1 = €0.72)

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By: Heng Hui
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