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Methanex, the world's largest methanol supplier, rose 14% after reporting strong third-quarter results with year-over-year revenue up 50%. The company expects fourth-quarter adjusted EBITDA to exceed the third quarter if current elevated prices hold through December.
Methanol prices are elevated because of Middle East supply disruption, which is a signal of tighter petrochemical and energy-linked supply. The impact on animal-feed commodities is indirect.
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