Bernard Horn Comments on Methanex

- By Holly LaFon

Recovering commodity prices, ranging from chemicals to methanol to iron ore, copper and oil, spurred on gains in the materials sector. Canada's Methanex ( MEOX ) gained more than 20% as methanol prices rose when a large Chinese methanol-to-olefin plant resumed operations and purchases of methanol. On the supply side, the Chinese reduced production of coal-to-methanol for environmental purposes, and competitors suffered unplanned plant outages, thereby tightening the market and increasing methanol prices.

• Warning! GuruFocus has detected 4 Warning Sign with BHP. Click here to check it out.

• MEOX 15-Year Financial Data

• The intrinsic value of MEOX

• Peter Lynch Chart of MEOX

From the Polaris Global Value Fund fourth quarter 2017 shareholder letter.

This article first appeared on GuruFocus.

• Warning! GuruFocus has detected 4 Warning Sign with BHP. Click here to check it out.

• MEOX 15-Year Financial Data

• The intrinsic value of MEOX

• Peter Lynch Chart of MEOX