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SCC nominates January North American methanol contract price 20 cents/gal higher

Houston (Platts)--28 Dec 2017 604 pm EST/2304 GMT


Southern Chemical Corp has nominated its January North American methanol posted contract price at 142 cents/gal FOB USG, the company said in a letter to customers Thursday.

The nomination marks a 20 cents/gal increase from the company's December contract price. The increase is in line with market expectations amid higher spot pricing in December, which saw the market jump 17 cents/gal since the beginning of the month to an assessment of 124 cents/gal FOB USG on Wednesday, according to S&P Global Platts data.

There was still no word Thursday on a January nomination from producer Methanex. The company's December contract price is 124 cents/gal.

SCC serves as the US distributor for Methanol Holdings Trinidad, the largest producer in the Americas at 4.1 million mt/year. Methanex ranks as the world's largest methanol producer by capacity.

--Anthony Garcia, anthony.garcia1@spglobal.com

--Edited by Keiron Greenhalgh, keiron.greenhalgh@spglobal.com




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