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US May methanol contract expected to fall again on spot drop

US May methanol contract expected to fall again on spot drop

HOUSTON (ICIS)--US methanol watchers expect the May monthly contract to fall again because of a drop in spot prices from Asian imports to the US, sources said on Wednesday.

Ships loaded with 127,000 tonnes of methanol from Indonesia and Malaysia began arriving in the US Gulf last week and will continue to dock over the next month.

US methanol spot barge prices have dropped 15% in the past month on the news, currently at 138-140 cents/gal.

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