26 April 2012 16:33 [Source: ICIS news]
Methanex has not announced the May price yet. In April, the producer issued 134 cents/gal.
Methanex and SCC historically have set the monthly North American contract methanol range with their monthly postings.
Most methanol sources this week agreed that a rollover was coming because of no major supply disruptions. But a few sources said they worried that rising spot barge prices might prompt an increase.
The current spot price for US methanol is 119-120 cents/gal, according to market sources.
Methanol industry veterans say that the monthly posted price serves as a starting point in each company’s negotiations with customers who buy more than 1,000 tonnes monthly. Most contract methanol customers currently get discounts of around 15%.
($1 = €0.76)
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