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Price Assessment

Platts European Methanol Assessments

  • What is European Methanol price assessment?
  • How we assess European Methanol price
  • Platts European Methanol Daily Commentary
  • Platts European Methanol Daily Rationale

What is European Methanol price assessment?

Platts assesses spot methanol reflecting material for loading/delivery in a rolling 5-30 day window from the date of publication. Spot prices are assessed daily in Eur/mt FOB Rotterdam. The product must conform to the International Methanol Producers and Consumers Association (IMPCA) Reference Specification, with a standard cargo size of 1,000mt.

Price assessments are complemented by a daily commentary and rationale, which explains how the price assessment is reached and delves into the market fundamentals observed throughout the day.

Additionally, Platts publishes an industry-settled quarterly contract price in Eur/mt FOB Rotterdam. The quarterly contract price is updated at the start of the settlement quarter, once Platts has information that two independent buyers and two independent sellers have agreed on the same price. In the event that there is more than one price settlement, Platts generally publishes an average of these price settlements, as per industry convention. If a full settlement is not reached, Platts will not publish a quarterly contract price.

How we assess European Methanol price

Platts assessments are based on market information, including, but not limited to, firm bids and offers, and trades reported to the editor up to the close of business (4.30 pm London time).

All the information used to inform the assessment is published transparently on Platts platforms as "heards". An assessment rationale is published explaining what the assessments are and how they have been reached.

A daily market commentary accompanies the price assessments and rationale, which highlights the most important trends that have affected the markets that day and provides insight into what the market expects over the coming weeks.

Platts European Methanol Daily Commentary

  • No deals
  • Long supply

The European methanol spot price was assessed stable on the day at Eur158.50/mt FOB Rotterdam for the five-to 30-day laycan July 2.

Buying interest was limited during the day, and no bids were heard for July delivery.

Sources said supply was still long in Europe and demand for spot volumes was weak, despite the uptick in activity at the beginning of the week.

"The price move is not reflective of the market," a source said, commenting on the current price levels.

A source added that end-users were not looking for spot material, as they were committed to contractual obligations.

Looking ahead, supply was set to remain long, sources said, anticipating healthy run rates at methanol units in Europe and Russia, combined with weak demand.

Platts European Methanol Daily Rationale

S&P Global Platts assessed the FOB Rotterdam five-to 30-day methanol spot price stable on the day at Eur158.50/mt, July 2.

Mid-July was assessed at Eur158.50/mt, below the July offer heard at Eur160/mt. A flat structure was carried over from the previous assessment and extended to all remaining laycan dates.

Methodology and Specifications

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