US February methanol contracts set to roll over

29 January 2014 17:12 Source:ICIS News

HOUSTON (ICIS)--US methanol February contracts appeared set to roll on Wednesday as Methanex repeated its previous monthly posting of 190 cents/gal.

Methanol watchers expressed expectations for a rollover last week, mostly because spot barge prices have moved so little in the past month.

US methanol spot barge prices, now at 163-164 cents/gal, still fall within a four cents/gal range that has prevailed since mid-December.

Southern Chemical Corp (SCC) has not posted its February number yet. SCC and Methanex historically have set the contract range with their postings.

By Lane Kelley