---

Vancouver-based Methanex Corporation has revealed that its logistics costs rose during the second quarter and first half of 2011 in a comparison with the corresponding periods in 2010, mainly due to higher bunker costs.

In its latest financial results, methanol supplier Methanex reported that for the second quarter of 2011 and the six month period ended June 30 2011, year-on-year logistics costs were higher by $5 million and $14 million, respectively, due primarily to higher marine fuel prices.

Logistics costs were said to be similar for the second quarter of 2011 in a comparison with the first quarter of 2011.

The table below shows how the monthly global bunker average has risen since January 2010. Prices are in US$ per metric tonne.

Month	BIX Average	+/- ($)	+/- (%)
June 2011	823.19	+1.11	+0.01%
May 2011	822.08	-24.57	-2.9%
Apr 2011	846.65	+46.40	+5.8%
Mar 2011	800.25	+71.17	+9.8%
Feb 2011	729.08	+62.34	+9.3%
Jan 2011	666.74	+29.67	+4.7%
Dec 2010	637.07	+20.86	+3.4%
Nov 2010	616.21	+16.06	+2.7%
Oct 2010	600.15	+27.50	+4.8%
Sep 2010	572.65	-7.99	-1.4%
Aug 2010	580.64	+9.87	+1.7%
Jul 2010	570.77	-4.84	-0.8%
Jun 2010	575.61	-15.48	-2.6%
May 2010	591.09	-0.58	-0.1%
Apr 2010	591.67	+24.99	+4.4%
Mar 2010	566.68	+17.45	+3.2%
Feb 2010	549.23	-18.82	-3.3%
Jan 2010	568.05	+17.30	+3.1%

Net income attributable to shareholders for the period was $40.5 million ($0.43 per share on a diluted basis) compared to $34.6 million ($0.37 per share on a diluted basis) for the first quarter of 2011.

Methanex is the world's largest supplier of methanol to major international markets and a publicly traded company.

Shares of Methanex are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol "MX", on the NASDAQ Global Market in the United States under the trading symbol "MEOH", and on the foreign securities market of the Santiago Stock Exchange in Chile under the trading symbol "Methanex".