There has been step sluggishness in the domestic prices for Methanol in the Indian domestic market. The restart of many units back in Middle East which are the suppliers for Methanol has put an additional pressure on pricing. The average pricing of Methanol for Kandla port and Mumbai in the month February has been around Rs.24.5/Kg.Buyers are believed to reduce their imports and will operate as per demand only till the end of the financial year next month.Restart of units in Iran, Indonesia has set the platter of material for India but the Indian buyers are making purchase very cautiously.
