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Methanex Corporation ( MEOH) pushed the Chemicals industry lower today making it today's featured Chemicals laggard. The industry as a whole closed the day down 0.3%. By the end of trading, Methanex Corporation fell $1.54 (-2.4%) to $62.09 on average volume. Throughout the day, 1,165,565 shares of Methanex Corporation exchanged hands as compared to its average daily volume of 910,800 shares. The stock ranged in price between $61.86-$63.69 after having opened the day at $63.69 as compared to the previous trading day's close of $63.63. Other companies within the Chemicals industry that declined today were: Metabolix ( MBLX), down 11.9%, Flexible Solutions International ( FSI), down 11.7%, Lightbridge ( LTBR), down 10.2% and Gevo ( GEVO), down 7.6%.

Methanex Corporation produces, supplies, and sells methanol to petrochemical producers and distributors in the Asia Pacific, North America, Europe, and South America. It also purchases and re-sells methanol produced by others on the spot market. Methanex Corporation has a market cap of $6.3 billion and is part of the basic materials sector. Shares are up 7.4% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Methanex Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Methanex Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, Koppers Holdings ( KOP), up 11.2%, BioAmber ( BIOA), up 3.6%, Intrepid Potash ( IPI), up 2.9% and PolyOne Corporation ( POL), up 2.7% , were all gainers within the chemicals industry with Potash Corporation of Saskatchewan ( POT) being today's featured chemicals industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the chemicals industry could consider Materials Select Sector SPDR ( XLB) while those bearish on the chemicals industry could consider ProShares Short Basic Materials Fd ( SBM).

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