Hoechst Celanese cuts methanol to fit market
Journal Article
·
· Chemical Week
OSTI ID:486367
Hoechst Celanese Chemical Group (Dallas) provided the US methanol market with a major reality check last week when it lopped 5 cents off its posting price, revising the contract number to 48 cts/gal. Other producers who joined in the January increase are expected to follow, while those who kept their prices at 47 cts or 48 cts/gal say they are standing pat. Despite the adjustments, market watchers say contract methanol is still moving at 42 cts-45 cts/gal, and that material on the spot market moves at about 40 cts/gal. One shipment recently moved out of the US at 36 cts-37 cts/gal, but sources familiar with the deal say it was an isolated case that did not threaten to undermine the spot number.
- OSTI ID:
- 486367
- Journal Information:
- Chemical Week, Journal Name: Chemical Week Journal Issue: 8 Vol. 150; ISSN CHWKA9; ISSN 0009-272X
- Country of Publication:
- United States
- Language:
- English
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