Learn about actual and potential costs
How much should I pay for Methanol?
What is the average price of Methanol?
This procurement report includes pricing information to help you purchase Methanol. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.
Has the price of Methanol been rising or falling?
Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.
I’m not ready to purchase Methanol yet. Will I pay more if I wait too long?
We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.
What other costs are associated with purchasing Methanol?
Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Methanol with a reduced risk of unexpected costs.
See how we display average pricing information, trends and market data.
Find the vendor to meet your needs
Where can I purchase Methanol?
Market share concentration in the methanol market is moderate, with the top four suppliers accounting for an estimated 40.0% to50.0% of market revenue in 2018. ProcurementIQ estimates that there are about 254 vendors that manufacture or distribute methanol in the United States. Market share concentration is moderate in part due... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
Do you offer any complementary products or services with the purchase of methanol? If so, what are they?
What type of discounts do you offer for bundling options?
Can related products be included through bundling in our contract? Can I opt out of or change these bundled related products at any time for no additional cost?
Do you have any agreements with group purchasing organizations or integrated delivery networks?
Have you been marked for any OSHA or the Hazardous Material Transportation Act violations in the past? How did you remedy any violations?
What certification do your staff have and are there ongoing training sessions or license renewals?
Have you ever had to change any aspect of your business to comply with state or federal regulations?
How do you ensure that your customers are aware of any changes in regulations that might impact them?
Has your company ever been at risk of bankruptcy?
How much of your revenue comes from your five largest customers? What impact on your profitability would there be if you lost a big customer?
How have changing input costs, such as the cost of natural gas, affected your profitability?
How are your other divisions and ventures performing? What impact does their performance have on this division?
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Key elements for every RFP
What should my Methanol RFP include?
Buyers should state the maximum budget for the contract.
Buyers should dictate how and when price increases must be communicated.
Buyers should detail their policies for submitting invoices.
Buyers should prioritize suppliers that offer the most competitive prices.
Buyers should give preference to suppliers that are conveniently located near their facilities or can otherwise reduce shipping costs.
Buyers should consider suppliers that have a strong track record or passing inspections and delivering methanol without any defects.
For other selection criteria requirements, buyers should reference the Buying-Decision Scorecard section of this report.
Buyers should indicate the timeline for evaluating potential vendors, including the deadline by which questions must be submitted and the deadline for placing bids.
Buyers must indicate the date when award information will be available.
Evaluate major factors to mitigate risk
How risky is the Methanol supply chain?
Methanol vendors face a moderate level of supply chain risk. The primary input in the production of methanol, natural gas, is highly volatile in both price and supply. Natural gas processors face significant risks because operations can take years to establish and reach full capacity production levels. In addition to... Subscribe to learn more.