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Methanol prices fall in the U.S. amid lower energy costs and subdued trading activity
An sector source in the U.S. informed a Polymerupdate team member, "U.S. spot methanol prices moved reduce amid weak buying interest and comfortable supply conditions. Declining prompt cargo values reflected subdued market activity, while reduce energy prices reduced upstream cost support and weighed on market sentiment. Demand from downstream sectors remained lacklustre, prompting buyers to implement a cautious approach and limit fresh purchases. With many market participants already holding sufficient inventory coverage to June, trading activity remained muted, contributing to the continued softness in methanol prices.”
Methanol prices were assessed at 153.00–153.50 cents/gallon FOB US Gulf levels, down (-9.00 cents/gallon) from the previous week.
Meanwhile, in Asia, methanol prices were assessed at USD 388-390/mt CFR China levels, a week-on-week decline of USD (-11/mt).
In Europe, methanol prices were assessed at Euro 460-461/mt FOB Rotterdam levels, reduce by Euro (-27/mt) from the previous week.
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