We recently published a list 11 undervalued chemical shares to buy now. In this article we will look at where Methanex Corporation (Nasdaq: Meoh) is standing against other undervalued chemical shares to buy now.
President Trump wants to place 25% rates for goods from Canada and Mexico and this can negatively influence American industries and critical sectors than just cars. According to a report from BHMNews in January 2025 by Lori Ann Larocco, Canada is the largest partner with the US for critical chemicals.
Also read: 15 best EV -shares to buy according to billionaires And 10 best shares less than $ 10 to buy now.
The American chemical industry also exports an enormous amount of products to Canada. In 2023, American companies sold more than $ 28 billion in chemicals to Canadian customers. On the other hand, Canadian partners export around $ 25 billion in chemicals to the US annually, according to the American Chemistry Council.
Texas, California, Louisiana, North Carolina, Illinois, Ohio, Indiana, New York, Pennsylvania and Iowa are the best chemical -producing states and they account for around 66% of the total American chemical production, while the rest of the chemicals are being imported. According to the American Chemical Council, Canada is the most important source of chemical import to the US and accounts for 18.1% of total chemical imports in 2023. Canada is followed by China and South Korea.
Eric Byer, CEO of the Alliance for Chemical Distribution, pointed out that if there is a trade war between Canada and the US, the price of critical chemicals could lead to inflationary pressure on American consumers and industries. According to Byer, Canada exports around 80% of the chlorine used in disinfecting drinking water for the west coast states. He also pointed out that the US exports large quantities of phenol to Canada for use in the wood products industry. Part of that treated wood is then also exported to the US from Canada for domestic consumption and housing purposes.
The chemical trade relationship in the US and also supports other industries and disruptions of this trade between the two countries can have far -reaching consequences.
Our methodology
To put together our list of the 11 undervalued chemical shares to buy now, we were looking for the greatest chemical companies. We have assessed our own rankings, financial media reports, ETFs and various online sources to put together a list of the best chemical shares. To find undervalued chemical shares, we have limited our selection by searching for shares that act in less than 20 times their forward income from 28 March 2025. We then focused on the top 11 undervalued chemical shares that prefer the most preference by institutional investors. Data for the hedge fund sentiment around each stock comes from the Q4 2024 database of Insider Monkey of more than 1,000 elite hedge funds. Finally, the 11 undervalued chemical shares to buy were arranged in rising order based on the number of hedge funds that are capable of in the pink of Q4 2024.
