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 Methanol T2 FOB Rdam (ICIS) Futures (Apr 2025) is Apr 29, 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 Methanol T2 FOB Rdam (ICIS) Futures (Apr 2025) before Apr 29, 2025.