US September methanol contracts appear headed for a drop

27 August 2013 17:28  [Source: ICIS news]

HOUSTON (ICIS)--US September methanol contracts appeared headed for a drop on Tuesday as Southern Chemical Corp (SCC) cut its monthly posting to 159 cents/gal, from 162 cents/gal in August.

Methanex has not issued its number yet. The Canada-based producer and SCC have historically set the US monthly contract range with their postings. Methanex issued 160 cents/gal in August.

Traders and buyers this week said they expected a rollover of the August contracts, at 160-162 cents/gal, because of fairly stagnant spot prices.

 ($1 = €0.75)

By: Lane Kelley
+1 713 525 2653

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