Methanex traded at 64.55 this Thursday July 2nd, decreasing 0.96 or 1.47 percent since the previous trading session. Looking back, over the last four weeks, Methanex lost 25.74 percent. Over the last 12 months, its price rose by 37.19 percent. Looking ahead, we forecast Methanex to be priced at 66.59 by the end of this quarter and at 62.29 in one year, according to Trading Economics global macro models projections and analysts expectations.
Methanex Corp is a Canada-based producer and supplier of methanol to international markets in North America, Asia Pacific, Europe and South America. The Company operates three plants in New Zealand supply methanol primarily to customers in Asia Pacific. It operates two plants in Geismar, two plants in Trinidad, Titan and Atlas and supplies to methanol markets around the globe. Its joint venture in Egypt is located on the Mediterranean Sea and primarily supplies methanol to the domestic and European market. Its plant in Medicine Hat, Alberta, supplies methanol to customers in North America. Its two plants in Punta Arenas, Chile supply methanol to customers in South America and around the globe. The Company’s wholly owned subsidiary, Waterfront Shipping, operates its fleet which is made up of deep-sea tankers ranging from 3,000 to 50,000 deadweight tons of capacity.