Methanex and Methanol - Upside aheadMethanex has a methanol monopoly, methanol has been gainining momentum for the past weeks, has gone up 3 weeks in a row (2.7% last week).
Given the strong correlation MEOH / MX.TO could be going up.
NASDAQ:MEOH
TSX:MX
This chart is the relative strenght of the Methanol futures vs the SPX. It's
PEIX vs Ethanol Futures (Chicago)Pacific Ethanol doing a reversal up with COVID spike and Ethanol Futures change. Awaiting this going to target $10-11 on short term with another positive earnings and 3rd plant running more to market need. Announcement also selling into more profitable libations market of low calorie seltzers
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Frequently Asked Questions
The nearest expiration date for Hydrous Ethanol Futures is May 30, 2025.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Hydrous Ethanol Futures before May 30, 2025.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Hydrous Ethanol Futures this number is 895.00. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Hydrous Ethanol Futures shows that traders are closing their positions, which means a weakening trend.