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Methanex Corp’s customers are mostly large petrochemical manufacturers and distributors that buy methanol for chemical production and energy-related uses. Methanol supplies the vast majority of revenue; the company also produces and sells ammonia, mainly to North American customers, for uses led by fertilizer production. Most revenue comes from products made at its plants. It buys additional methanol from other producers to meet customer commitments and delivers supplies through its global shipping, storage and distribution network.
Most methanol contracts use Methanex’s published regional reference prices, less customer discounts. The company revises these prices regularly as market conditions change, so publishing them does not insulate its earnings from the cyclical balance of methanol supply and demand.
Production depends on securing natural gas, its principal feedstock and a major cost, while delivery costs depend on shipping conditions. Gas shortages can restrict plant output: in New Zealand, suppliers have delivered less gas than expected, making continued operations dependent on gas-field development and supply. Import duties, including additional Chinese duties on U.S.-produced methanol, can also make particular trade routes uneconomic or limit access to customers.
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Every company claims an edge. Each one is checked against hard numbers like margins and returns: which hold, and which line gives way first.
Methanex’s results hinge chiefly on global methanol supply and demand and reliable natural-gas supplies, including from ENAP in Chile and National Gas Company in Trinidad.
Methanex depends on gas supplied by YPF under a multi-year agreement to keep its Chilean methanol plants running. Watch YPF’s deliveries to Chile: increased Argentine gas availability let one Methanex plant run at full capacity through winter in 2025 for the first time since 2008.
LyondellBasell’s sales of bulk chemicals and intermediates to industrial markets reflect demand that also supports Methanex’s methanol business. Watch its intermediate-chemicals sales for clues to demand for methanol-derived chemicals, whose traditional uses account for approximately half of global methanol demand.
Dow’s business making ethylene and turning it into polyethylene shares Methanex’s exposure to global chemical and plastics demand. Dow’s Packaging & Specialty Plastics results offer a view of demand from packaging, consumer durables and infrastructure customers further along that production chain.
CF Industries competes with Methanex in making ammonia from natural gas for fertilizer customers, but this is a small part of Methanex’s business. CF’s ammonia-segment gross margin is the relevant result to watch; Methanex’s ammonia and other revenue was just USD 139 million out of USD 3,589 million in 2025.
LSB INDUSTRIES INC competes with Methanex in selling ammonia to U.S. agricultural and industrial markets, though Methanex remains mainly a methanol producer. Watch LSB’s ammonia-fertilizer sales to U.S. ranch-land and grain-production markets for a read on agricultural demand relevant to Methanex’s smaller ammonia business.
LSB INDUSTRIES INC earningsLXU
LSB Industries' report will show whether US fertilizer demand for ammonia is also supporting Methanex's smaller ammonia business.
Look at LSB Industries' ammonia sales to US agricultural markets and the prices it reports, then compare them with Methanex's own ammonia sales. Firm sales and prices point to support from fertilizer demand, though LSB may also be gaining market share. Weaker sales or prices would signal demand or pricing pressure for Methanex's smaller US ammonia business.
YPF Sociedad Anonima earningsYPF
YPF's report can offer clues about Argentine gas supply, which affects whether Methanex can keep its Chilean methanol plants running.
Watch YPF's reported gas production and sales or exports to Chile, then compare them with Methanex's Chile plant utilization when it reports. More gas alongside higher utilization would suggest Argentine supply is helping support Chilean methanol output; weaker gas availability alongside lower utilization would point to greater supply risk. The comparison shows whether the supply link is improving, but does not prove YPF alone caused the change.
Methanex Corp earningsThis company
Methanex's report will show whether the price it earns on methanol sales covers the cost of producing, buying and delivering the tonnes it sells.
Read Methanex's average realized methanol price and sales volume alongside Adjusted EBITDA, a measure of operating earnings. If the price holds up and earnings remain firm despite lower volume, stronger pricing is offsetting fewer tonnes sold. If earnings weaken because the price does not cover purchased methanol, gas or delivery costs, costs or supply limits are eroding the business.
LyondellBasell Industries N.V. earningsLYB
LyondellBasell's intermediate-chemicals sales will show how demand further down the chemical chain is holding up for Methanex's methanol business.
Read LyondellBasell's intermediate-chemicals sales alongside Methanex's methanol sales volume and average realized price. Firm sales and firm methanol volume or pricing would support the view that traditional chemical uses are sustaining demand; weaker intermediate-chemicals sales would point to softness further down that demand chain. Other methanol uses and supply changes also affect Methanex, so this report is a demand clue, not a full explanation of its results.
Industrial Production MoM (Oct)
Industrial production tracks how much factories, mines and utilities produce; stronger activity can lift demand and prices for Methanex’s methanol and ammonia, supporting sales and the revenue it earns.
Stronger factory, mine and utility output points to firmer demand for Methanex’s methanol and ammonia and may support sales or prices; weaker output points to softer demand and may weigh on them.
