23 March 2012 11:08 [Source: ICIS news]
LONDON (ICIS)--Canadian methanol producer Methanex has published its independent European posted contract price (EPCP) at €340/tonne ($447/tonne), up by €20/tonne, a source with the company said on Friday.
This is in line with the European contract price, which was also confirmed on Friday at €340/tonne.
An initial agreement for the European contract price was made between a buyer and seller on 21 March, after which an increasing number of participants followed suit.
European methanol contract prices are settled on an FOB (free on board) Rotterdam basis.
$1 = €0.76
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