Japan launched the methanol-fueled chemical tanker Kokuryu Maru, which received its first biomethanol bunkering from MGC’s Niigata Plant and will serve as a methanol bunkering vessel. This expands methanol use as a marine fuel, indicating growing demand that could push prices upward.
NTPC Green Energy tendered a water demineralisation plant for its planned 7GW green hydrogen-based chemicals hub in Andhra Pradesh. The project targets 2.5 million tonnes per year of hydrogen-based chemicals, adding substantial future green hydrogen supply and likely easing price pressure.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Methanol | China | FOB | USD 410.00/MT | August 2026 |
| Methanol | USA | FOB | USD 429.30/MT | August 2026 |
| Methanol | Germany | FOB | USD 382.71/MT | August 2026 |
| Methanol | India | FOB | USD 552.93/MT | August 2026 |
| Methanol | Japan | FOB | USD 466.25/MT | August 2026 |
| Methanol | China | FOB | USD 389.84/MT | July 2026 |
| Methanol | USA | FOB | USD 449.43/MT | July 2026 |
| Methanol | Germany | FOB | USD 445.64/MT | July 2026 |
| Methanol | India | FOB | USD 520.41/MT | July 2026 |
| Methanol | Japan | FOB | USD 454.53/MT | July 2026 |
Stay updated with the latest Methanol prices, historical data, and tailored regional analysis
Asia
In China, the average price of Methanol increased from ~USD 389.84/MT (FOB) in July to ~USD 410.00/MT in August, a rise of ~5.2%. India climbed about 6.2%, from ~USD 520.41/MT (FOB) to ~USD 552.93/MT, while Japan edged up about 2.6%, from ~USD 454.53/MT (FOB) to ~USD 466.25/MT. China’s National Bureau of Statistics data showed domestic methanol prices rising sharply from mid-July to mid-September. About 62% of Middle East methanol capacity was shut, with several Iranian plants offline and very limited traffic through Hormuz. Chinese imports fell from about 900,000 tonnes in July and were expected to drop further in September, pushing coastal port stocks more than 55% below a year earlier. However, deeply negative margins at methanol-to-olefins plants limited demand growth.
Europe
In Germany, methanol averaged approximately USD 445.64/MT (FOB) in July and fell to about USD 382.71/MT in August, a decline of ~14.1%. Although the third-quarter contract rose further after a large second-quarter increase, spot prices outside Europe had already started to ease, and growing rebates reduced actual transaction values. The main quarterly contract benchmark was discontinued in late July for this reason, and producers later cut their fourth-quarter postings, reflecting softer conditions.
North America
In the USA, average methanol prices declined from nearly USD 449.43/MT (FOB) in July to roughly USD 429.30/MT in August, a fall of ~4.5%. Realised prices eased from their second-quarter peak, with producers guiding to lower values for July and August. Record output at a major Louisiana plant improved regional supply, so although posted contract prices stayed high, actual transaction values reflected a better-supplied market.
Analyst Insight
According to Procurement Resource, methanol prices are expected to remain firm in Asia while Middle East supply stays disrupted, though comfortable Western supply and weak olefins margins could limit a broader recovery.
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Asia
In China, the prices of Methanol were ~RMB 3.32/kg in April and ~RMB 3.16/kg in May, showing a ~4.7% decrease. Prices remained supported early in Q2 by low foreign arrivals, port destocking, plant maintenance, and uncertainty around Middle Eastern shipments. However, the market corrected later as Iranian plants resumed production, buyers expected additional cargo arrivals, and derivative users delayed purchases. China produced 400 million tonnes of raw coal in May, down 1.7% year-on-year, while January-May output reached 1.98 billion tonnes, down 0.3%, keeping coal-based methanol cost pressure contained. Demand stayed weak as methanol-to-olefins buyers remained cautious and formaldehyde use was affected by China’s property slowdown, with real-estate investment down 16.2% year-on-year during January-May.
Europe
European methanol prices were cost-supported but demand-capped during Q2’26. Freight and supply-route disruptions lifted replacement costs, while energy uncertainty kept producers cautious. However, sufficient regional availability and weak derivative consumption prevented a sustained increase. Euro-area industrial production rose only 0.3% year-on-year in April, while durable consumer-goods output declined 4.0%, limiting demand from formaldehyde, engineering plastics, coatings, and automotive-linked chemicals. Construction also remained uneven, as total output improved but building construction declined 5.2%, reducing methanol-linked demand from wood panels, resins, insulation, and adhesives.
North America
In the United States, the prices of Methanol were ~USD 592.74/MT in April and ~USD 586.35/MT in May, showing a ~1.1% decrease. U.S. prices carried less supply premium than Asia because domestic natural gas access supported regional production. EIA forecast industrial gas consumption to reach around 22.6 Bcf/d in June 2026, helping contain manufacturing costs. Demand remained moderate, with manufacturing output unchanged in May and housing starts down 15.4% month-on-month, weakening formaldehyde-based construction applications.
Analyst Insight
According to Procurement Resource, methanol prices may stay under pressure as Middle Eastern supply normalizes. Weak construction and chemical demand may cap recovery, while freight and energy risks can limit sharper declines.
Methanol, a polar solvent, is a colourless, reasonably volatile liquid. It has a faintly sweet pungent odour like that of ethyl alcohol. It can be thoroughly dissolved in water. The vapours of Methanol are slightly heavier than air.
C10H20O
Antifreeze agent, Solvent, Fuel, Denaturant for Ethanol, Biodiesel
67-56-1, Methyl alcohol, Methyl alcohol, Wood alcohol, Wood spirit
Zagros Petrochemical Co., Sichuan Lutianhua Co., Ltd., Methanex Corporation, Ar-Razi Saudi Methanol Co. (SABIC), Yankuang Group, Proman AG
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The production process of Methanol starts from syn gas. The process requires proper conditions such as high pressure and moderate temperatures where carbon monoxide and hydrogen react over a catalyst such as a mixture of copper and zinc oxides to produce methanol.
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