Methanol

Prices U.S.: 76 cts-80 cts/gal spot; 101 cts-103 cts/lb fob, May contracts EUROPE: €175-€180 fob, spot; €250/m.t. fob, second-quarter contracts ASIA: $230/ton c&f China, spot; $320/m.t., May contracts Outlook Global methanol demand is expected to grow at 5.6%/year through 2011, driven by 4.7%/year growth of methyl methacrylate (MMA), 6.4%/year growth of acetic acid, and new applications in direct fuel use, excluding methyl tert-butyl ether (MTBE), says Guillermo Saade, consultant at SRI Consulting (Houston). Demand for formaldehyde, the biggest...

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