Goed nieuws, wordt de methanol tak alleen maar weer waard ;)
PETROCHEMICALS 25 Mar 2021 | 15:30 UTC New York
SCC, Methanex raise North American methanol contract prices for April
Author Mary Hogan
Editor Derek Sands
Commodity Petrochemicals
HIGHLIGHTS
SCC April nomination represents highest CP in more than six years
Methanex April nomination represents highest CP in more than two years
New York — Both Southern Chemical Corp. and Canada's Methanex nominated higher North American methanol contract prices for April, the companies said late March 24.
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Register Now Southern Chemical Corp. (SCC) nominated its North American methanol contract price for April at 158 cents/gal, up 5 cents/gal from March's posted price, the company said. The move higher puts SCC's posted contract price at its strongest level in more than six years, when it reached 170 cents/gal in May 2014.
Methanex nominated its North American methanol contract for April at 156 cents/gal, up 8 cents/gal from March's posted price, the company said. The move higher pushed Methanex's posted contract price to its strongest level in more than two years, when it reached 156 cents/gal in November 2018.
SCC had increased its March contract price by 5 cents/gal to 153 cents/gal, after having kept its February contract price flat on the month at 148 cents/gal.
Methanex had kept its March contract price unchanged at 148 cents/gal, after having raised its February contract price 3 cents/gal to 148 cents/gal.
The moves higher in the April contract prices coincide with a higher monthly average for prompt-month domestic methanol so far in March of 118.39 cents/gal, compared with 111.66 cents/gal for February, according to Platts data.
In late February, a severe winter weather system that swept through the US Gulf Coast region led to a slew of regional production outages that served to significantly limit available prompt supply and deplete regional storage levels. Moving into March, talk was heard of additional production issues at a facility in Texas that served to further tighten supply in the region. Domestic methanol began March assessed at 115 cents/gal FOB USG and had strengthened to an assessed value of 121 cents/gal FOB USG on March 24.
The posted contract prices of SCC and Methanex do not include any discounts. In March, discounts averaged around 25%, according to Platts data.