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 Location: Center Harbor, New Hampshire, United States

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 Website: https://pbase.com/topics/rutledgerutledge76/united_states_monoethylene_g

 User Description: Iran-based Fanavaran Petrochemical Company has actually sold around 90% of its methanol for filling in July despite a current ramp-up of Western permissions against Iran, a firm resource stated Tuesday declining to offer specific volumes. polyethers sold 2 cargoes totalling 20,000-25,000 mt through a tender to two firms based in China. The parcels will fill very early July from Banda Imam Khomeini, for distribution very early August in China.The resource decreased to expose the cost however said one cargo was done on a fixed price basis and the various other on a drifting basis. The business's previous drifting tenders have actually been based upon the average of Platts and ICIS methanol assessments, CFR.Fanavaran likewise recently granted another tender to an end-user in India for July-loading methanol, the resource said declining to provide information.Fanavaran will likely provide a third tender for the remainder of its July-loading methanol later this month, the source stated.Because May 1, EU-based insurance companies have actually not been enabled to supply insurance cover for Iranian petrochemical shipments to non-EU countries. Therefore, Iran producers are finding it hard to discover vessels to move item abroad, Platts has actually reported formerly.According to the resource at Fanavaran, products for a vessel lugging methanol from Iran to China is around $90-105/ mt currently, while products to India costs around $50-60/ mt. Before the sanctions were enforced, the expense of relocating methanol from Iran to China was around $45-55/ mt as well as it cost around $25-29/ mt to relocate item to India.Fanavaran has a 1 million mt/year methanol plant in Bandar Imam Khomeini, which the resource said is currently operating at 90% of capability. There is no turnaround prepared for the plant this year.Aside from Fanavaran, Iran's methanol plants make up a 660,000 mt/year plant on Kharg Island owned by Kharg Petrochemical Business, as well as 2 1.7 million mt/year system in Assaluyeh possessed by Zagros.

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