Methanex sets US methanol contract for July at 116 cents/gal, lowest since November 2017

Petrotahlil:

The July posting, made public on the company website Wednesday morning, marks a 10 cent decline from 126 cents/gal for June.

Despite falling prices in the spot market Methanex's contract prices were fairly steady through the first of this year, with the posting at 130 cents/gal for four months of the six months.

Values in the spot methanol market have trended upwards over the course of June, rising nearly 4 cents since the beginning of the month.

Platts assessed US spot methanol Tuesday at 87.25 cents/gal FOB USG for the front-month (June) and 86 cents/gal FOB USG for the forward-month (July).

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