Firstly, I'm pleased to report an improvement in our results from the first quarter. We sold 1.7 million tons of methanol, representing a 12% increase over the last quarter, and our highest volume of quarterly sells since the second quarter of 2007. This increase (inaudible) and anticipation of increased production volumes in Egypt and Chile. In the first half of 2010, we are managing our supply balances by increasing purchases of methanol, but expect that the next two years will become less dependent on purchases and supply more sells with produced product.During the first quarter, we achieved an average realized price of $305 per ton, which is $23 per ton higher than last quarter. And this led to higher EBITDA of $81.5 million and net income of $29 million or $0.31 per share.
Methanex Corporation Q1 2010 Earnings Call Transcript
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