Producers add 3 cts/gal
Methanol list prices will continue to rise in March with a nominated price increase of 3 cts/gal (CW, Feb. 26, p. 39). The increases will bring Methanex`s posting price to 70 cts/gal, while most other producers will be at 67 cts/gal. Several producers, including Methanex and Hoechst, expanded capacity last month, but the methanol market remains strong and there are no indications that prices will soften soon. There are hints, however, that the rate of increase of methanol prices may slow. Tightness in the market seems to be easing as producers in eastern Europe increase capacity. The psychology of tightness was stoked by reports of spot and regional shortages and resulted in buying panics and price increases in fourth-quarter 1996.
- OSTI ID:
- 525865
- Journal Information:
- Chemical Week, Vol. 159, Issue 9; Other Information: PBD: 5 Mar 1997
- Country of Publication:
- United States
- Language:
- English
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