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More Methanol

Profits Fall at Methanex, but Outlook Remains PositiveMethanex and Orascom Sign Methanol Offtake AgreementJacobs Awarded Contract for Methanex Plant RelocationEarnings Rise at MethanexMethanex to Restart Methanol Plant in New Zealand, Relocate a Plant to U.S.

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Prices Plunge on Long Supply

10:45 AM MDT | July 27, 2007 | Gregory Dl Morris

High inventories and slumping demand have led to a sharp drop in global methanol prices. Initial settlements in the European second-quarter contract price were agreed to last week at €250/m.t., fob, a decrease of €170/m.t., or 40% from first-quarter...

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