Methanex posts €340/tonne Q2 methanol price, in line with market

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

By: Ross Yeo
+44 208 652 3214

AddThis Social Bookmark Button

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

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