Houston — Southern Chemical Corp has nominated its January North American methanolposted contract price at 142 cents/gal FOB USG, the company said in a letterto customers Thursday.
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The nomination marks a 20 cents/gal increase from the company's Decembercontract price. The increase is in line with market expectations amid higherspot pricing in December, which saw the market jump 17 cents/gal since thebeginning 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 producerMethanex. The company's December contract price is 124 cents/gal.
SCC serves as the US distributor for Methanol Holdings Trinidad, the largestproducer in the Americas at 4.1 million mt/year. Methanex ranks as the world'slargest methanol producer by capacity.
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