Chemicals Updates

India Methanol: CFR India up $23/mt WOW on stronger spot buying / Supply uncertain on cautious trading / Spot buying rises for non-Iranian cargoes / Downstream buyers resist price increases

Aug 11, 2025

Methanol prices in India continued their upward rally on Aug. 8, driven by stronger buying interest for non-Iranian cargoes amid uncertainty over Iranian methanol inflows, market sources said. Spot activity rose week over week as traders avoided Iranian suppliers and actively secured September delivery cargoes to bridge the supply gap. A deal for 15,000 mt of H2 August/ early September loading was concluded at $286/mt CFR India, while another 5,000 mt was traded at $290/mt CFR India for H2 August/September loading during Aug. 7-8. A trader said there was active interest in buying at $290/mt CFR India, but no firm offers were heard as sellers preferred to wait and watch. Indian methanol traders were cautious about buying from Iran following recent US sanctions targeting Indian entities reportedly trading in Iranian...

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