Platts assesses methanol daily on an FOB US Gulf Coast (Houston – Texas City area) basis for the current month and next forward month. The assessments roll to the next forward month five calendar days prior to the end of the month.
The assessments reflect product with maximum water content of 0.1% by weight.
Additionally, S&P Global Platts publishes a weekly net contract assessment that reflects typical discounts, based on market feedback.
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 (1.30 pm Houston time).
All the information used to inform the assessment is published transparently on S&P Global 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.