31 May 2013 05:44 [Source: ICIS news]
SINGAPORE (ICIS)--Canada's Methanex said on Friday its Asian Posted Contract Price (APCP) for methanol in June will be at $450/tonne (€347/tonne), unchanged from its May contract price.
Methanex uses its APCP on a CFR (cost & freight) Asia basis as a benchmark for its contracts in South Korea and Japan, with discounts given.
Prices of methanol in the South Korean market were last assessed at an average of $390/tonne CFR Korea in the week ended 24 May, according to ICIS.
Separately, the company announced on 24 May its US June methanol contract at 160 cents/gal ($532/tonne).
The company had earlier posted its independent contract price for the second quarter valid until the end of June at €390/tonne FOB (free on board) Rotterdam in March.
($1 = €0.77)
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.
|ICIS news FREE TRIAL|
|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|
Asian Chemical Connections