Major Shareholder Exit Boosts Methanol Player by 5%

Methanex Corporation (MEOH), a Canadian methanol company, closed on Nasdaq at $58.37 on the 20th, up 5.17%, pushing its share price to about KRW 87,000. Its market capitalization swelled to approximately $4.51 billion, adding roughly $246 million (about KRW 360 billion) in value in a single day rather than evaporating. Trading volume topped 1.07 million shares, reflecting more active turnover than usual.

On the same day, Netherlands-based OCI Global announced it had completely exited its investment by selling all 2,612,962 Methanex shares—about 3.4% of the company’s issued shares—through its subsidiary, OCI Chemicals. The resolution of block-overhang concerns is interpreted as a short-term bullish catalyst, fueling expectations of improved supply and demand.

Headquartered in Vancouver, Canada, Methanex is the world’s largest producer and supplier of methanol, operating production facilities across North and South America, the Middle East, New Zealand and other regions. Last year, the company expanded its portfolio by acquiring OCI Global’s international methanol business for about $1.2 billion (roughly KRW 1.8 trillion). Methanex is now betting on a recovery in methanol demand, forecasting higher production volumes and expanded adjusted EBITDA from 2025 onward.