RBC Capital analyst Nelson Ng lowered the firm's price target on Methanex to $45 from $50 but keeps an Outperform rating on the shares. The analyst notes that the company's latest posted methanol prices look promising, even though he has a more cautious view on when economic activity in Asia and other regions can return to normal levels amid the spread of coronavirus into additional countries. Ng adds that China methanol facilites are currently operating at 66%, down from 84% prior to the Lunar New Year, though according to IHS, supply/demand activity in Southeast Asia is recovering.