Key Points Tightness to persist: Middle East outages and slow normalization challenge V-shaped supply recovery; oil linkage supports prices Estimates still too low: Consensus assumes rollback, but supply constraints and steady demand...
Key Points Q1 EBITDA beat but slight EPS miss; outlook commentary positive Higher-than-forecasted volumes in Chile, Egypt, Geismar, New Zealand, and Trinidad We rate Methanex shares Overweight, with a USD80 per share target...
Key Points Geopolitics tightening markets near-term. Middle Eastern disruptions and higher oil have driven USD300+ per ton methanol price gains implying USD1.5–1.6bn EBITDA upside See structural undersupply medium-term. At-risk Iranian capacity and...
Key Points Disruptions lifting ethylene/PE, methanol, and fertilizer prices should also benefit downstream chains like chlorovinyls and acetyls Higher oil prices and a wider U.S. feedstock advantage suggest estimates for several commodity...
Key Points Methanol supply growth expected to lag demand by 9–11m tons over 2025–2029, supporting higher methanol prices despite market fears of oversupply Increased exposure to low-cost regions and improved operational efficiency...
Key Points Q3 EBITDA and EPS miss; outlook commentary positive Higher-than-forecasted volumes in Beaumont, Geismar, Egypt, and at Natgasoline We rate Methanex shares Overweight, with a USD50 per share target price Summary Methanex announced Q3’25...
Key Points Market not appreciating tightening methanol supply/demand fundamentals and Methanex’s global portfolio; in our view Attractive free cash flow story evolving; company could cumulatively generate around 60% of current share price...