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Methanex is a proxy for Middle East conflict resolution

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Methanex is a proxy for Middle East conflict resolution

Methanex (MX) was down 5% yesterday on market optimism around a conclusion in Iran, but is still up over 50% YTD - given its position as the world’s largest supplier of methanol. With >30% of the traded supply offline, the company’s pricing is moving higher - which should translate to more cash flow given its shipping costs are largely fixed (time charter vs. spot rate). Anything incremental should go towards leverage reduction, which makes the story cleaner - given the cyclical nature of the business.

Eli Rodney
Eli Rodney

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Apr 1, 2026

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2 min read

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