08 February 2013 18:45 [Source: ICIS news]
HOUSTON (ICIS)--US methanol spot barge prices inched higher on Friday to 126-127 cents/gal (€0.94-95) on expectations that a snowstorm approaching the US northeast may boost sales of windshield wiper fluid, a key derivative.
Spot methanol prices reached 128 cents/gal earlier in the week before falling back. A trader said most deals done this week have been in the 126-127 cents/gal range.
Spot methanol closed on 1 February at 125-126 cents/gal.
Another reason for the increase came from talk of a small methanol plant outage in Trinidad, though it could not be confirmed.
A source close to the Point Lisas Industrial Estate there, where most of the island’s petrochemical industry is located, said production was not quite at 100% capacity but was running at normal volumes.
($1 = €0.75)
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