Live India Methanol Prices: Sanctions Impact

India Methanol: Prices rise $15/mt as US sanctions more Indian importers / 90% of major Indian petrochemical importers now sanctioned / Market participants scramble to settle existing commitment, sources

Jun 07, 2026

Prices in the Indian methanol market rose as the US Treasury added major Indian petrochemical trading companies to its sanctions list. On Oct. 9, the US Treasury Department sanctioned eight major Indian petrochemical trading companies for trading Iranian petroleum and petrochemicals, reported Oct. 9. Ex-tank offers heard reported at Rupees 39-40/kg, a jump of nearly Rupees 10-11/kg day over day due to the sanctions over key methanol importers in India, importers said. “The news has come as a big shock to the petrochemical industry as a whole,” said an importer. “New imports into India would be difficult now, at least for a month. All suppliers, manufacturers and foreign banks are [cautious],” said another importer. “With 90% of the importers sanctioned now. Prices have risen [in] reaction to the news,” said...

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