India Methanol: Slips $6/mt WOW amid easing supply concerns / Domestic ex-tank offers softer on active selling activity / Market eyes passage of fresh methanol tankers via Strait of Hormuz / Wide bid-offer gap dampens October trading

Sep 05, 2026

India methanol spot prices softened in the week ended Sept. 4 as at least three tankers loaded from Saudi Arabia were expected to discharge around 100,000 metric tons of methanol in India during September, easing near-term supply tightness that had been supporting prices. The anticipated arrivals — ships Yaqut, NCC Fajr, and Lubna — had crossed the Strait of Hormuz on Sept. 1, according to S&P Global Commodities at Sea data and market sources. The news dampened bullishness in the Indian methanol market, prompting importers to focus on making storage space for incoming volumes rather than aggressively covering forward positions. Spot market activity was thin, with trade discussions for prompt cargoes arriving in the current week heard at $510/ mt CFR India, according to market sources. An offer for a...

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