Methanex Corporation revises production guidance for 2020, to approximately 1.9 million tones. As a result, the Waitara Valley outage has minimal impact on their overall forecast for methanol production in New Zealand in 2020. The company provided production guidance for the first quarter of 2020. Based on posted prices so far this quarter, they forecast average realized prices in first quarter of 2020 to be higher than fourth quarter of 2019. The company's forecasted production in the first quarter is similar to the fourth quarter.