Methanex Review, Methanol Prices Under Pressure in the Near-Term
<p>Analysts at RBC Capital provided their views on <a href='https://financialmodelingprep.com/financial-summary/MEOH'>Methanex Corporation (NASDAQ:MEOH)</a>, noting they continue to see recessionary uncertainties and the potential for lower methanol prices in 2023, which could pressure the company’s shares.</p>
<p>Methanex recently released its North American, Asian Pacific, and China non-discounted methanol reference prices for January at $575/MT (unchanged from December), $410/MT (unchanged), and $370/MT (down 6% from December), respectively.</p>
<p>The analysts revised their 2022, 2023, and 2024 adjusted EBITDA estimates to $933, $621 and $675 million, respectively (from $949, $525, and $914 million, respectively). The analysts maintained their Sector Perform rating and $45 price target on the company’s shares.</p>

NASDAQ:MEOH