SINGAPORE (ICIS)--India’s methanol prices are expected to remain under pressure throughout May, weighed down by strong volume of imports. Spot prices have come off from a high in late April, when supply was still tight. On 10 May, domestic prices in India softened to rupees (Rs) 23.875/kg ex-tank, down 18.4% from a high hit on 24 April; while import prices declined to $297.50/tonne CFR (cost & freight) WC (west coast) India, down 6.6% from 26 April, according to ICIS data.
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