Cost Insights
by PowerAdvocate

Intelligence for energy companies seeking a data-driven approach to cost management

Garima Painuly

Recent Posts

Methanol Prices Skyrocket by 180% Over Last Year

March 15, 2017 at 12:56 PM / by Garima Painuly posted in Cost Reduction, E&P, Midstream, Downstream

It's no secret that many of the input costs to Oil & Gas firms have started to rise in the last year. Chemicals such as ethylene, propylene, and many others are no stranger to that trend. But there's no culprit more extreme than methanol, whose prices have risen by >180% in the span of just one year.

In this article, we share:

  • Why methanol prices have been surging
  • What underlying market fundamentals are contributing to the increase
  • Which constraints and opportunities are coming up in the future

Methanol Pricing Trends

Methanol prices are seeing drastic increases across the board: in the last month, the ICIS US Gulf Coast Methanol benchmark reached a 2-year high, 180% higher than the year before. Methanex contract reference prices have seen similar increases, and are currently at $500 per metric ton ($1.50 per gallon). These domestic price increases are broadly in line with global methanol price trends.Final Graph.png


Subscribe to Cost Insights

Join thousands of energy industry leaders and receive regular insights to help your organization manage costs more intelligently

View Webinar:
Driving Down Costs with Data,
Co-Hosted by a Leading O&G Firm

Request a Demo of Our
Cost Reduction Technology Suite