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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 TQ8VzIVUU3LYXurdWnS1NOjtFdg7TCEExGNXd3eUd3ENrKfv9LrjwQLda5WtIC/j
 tRDI8NT2X/e+2OWkhgkBcQ==

<SEC-DOCUMENT>0000945234-04-000240.txt : 20040408
<SEC-HEADER>0000945234-04-000240.hdr.sgml : 20040408
<ACCEPTANCE-DATETIME>20040408124443
ACCESSION NUMBER:		0000945234-04-000240
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040331
FILED AS OF DATE:		20040408

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			METHANEX CORP
		CENTRAL INDEX KEY:			0000886977
		STANDARD INDUSTRIAL CLASSIFICATION:	INDUSTRIAL ORGANIC CHEMICALS [2860]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-20115
		FILM NUMBER:		04724206

	BUSINESS ADDRESS:	
		STREET 1:		1800 WATERFRONT CENTER
		STREET 2:		200 BURRARD STREET
		CITY:			VANCOUVER BC CANADA
		STATE:			A1
		ZIP:			00000
		BUSINESS PHONE:		6046847500

	MAIL ADDRESS:	
		STREET 1:		1800 WATERFRONT CENTER
		STREET 2:		200 BURRARD STREET
		CITY:			VANCOUVER BC CANADA
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>o12552e6vk.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<P align="center"><FONT size="4"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B><BR>
</FONT>
<FONT size="3"><B>WASHINGTON, D.C. 20549</B>
</FONT>


<P align="center"><FONT size="5"><B>FORM 6-K</B>
</FONT>

<P align="center"><FONT size="2"><B>REPORT OF FOREIGN PRIVATE
ISSUER<BR>&nbsp;<BR>
PURSUANT TO RULE 13a-16 OR 15d-16<BR>UNDER THE SECURITIES EXCHANGE ACT OF 1934</B>
</FONT>

<P align="center"><FONT size="2"><B>FOR THE MONTH OF MARCH 2004</B>
</FONT>

<CENTER>
<P align="center"><FONT size="6"><B>METHANEX CORPORATION</B></FONT>
<FONT size="2">
<HR size="1" width="60%" noshade align="center">
<I>(Registrant&#146;s name)</I>
</FONT>
</CENTER>
<CENTER>
<P align="center"><FONT size="2"><B>SUITE 1800, 200 BURRARD STREET, VANCOUVER, BC V6C 3M1 CANADA</B>
<HR size="1" width="60%" noshade align="center">
<I>(Address of principal executive offices)</I>
</FONT>
</CENTER>

<P><FONT size="2">Indicate by check mark whether the registrant files or will file annual reports
under cover Form&nbsp;20-F or Form&nbsp;40-F.
</FONT>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="70%">
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        <TD width="49%">&nbsp;</TD>
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        <TD width="49%">&nbsp;</TD>
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<TD valign="top" nowrap align="center"><FONT size="2">Form&nbsp;20-F&nbsp;&nbsp;&nbsp;</FONT><FONT
face="wingdings">&#111;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" nowrap valign="top"><FONT size="2">Form&nbsp;40-F&nbsp;&nbsp;&nbsp;</FONT><FONT
face="wingdings">&#120;</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P><FONT size="2">Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule&nbsp;12g3-2(b) under the Securities Exchange Act of 1934.
</FONT>

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        <TD width="2%">&nbsp;</TD>
        <TD width="49%">&nbsp;</TD>
</TR>
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<TD valign="top" nowrap align="center"><FONT size="2">Yes&nbsp;&nbsp;&nbsp;</FONT><FONT
face="wingdings">&#111;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" nowrap valign="top"><FONT size="2">No&nbsp;&nbsp;&nbsp;</FONT><FONT
face="wingdings">&#120;</FONT></TD>
</TR>
</TABLE>
</CENTER>



<P><FONT size="2">If &#147;Yes&#148; is marked, indicate below the file number assigned to the registrant in
connection with Rule&nbsp;12g3-2(b): 82-<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>.
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<DIV align="left"><A NAME="000"></A></DIV>
<P align="center"><FONT size="2"><B>SIGNATURES</B>
</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on behalf by the
undersigned, thereunto duly authorized.
</FONT>


<CENTER>
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<TR valign="bottom">
        <TD width="47%">&nbsp;</TD>
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        <TD width="1%">&nbsp;</TD>
        <TD width="45%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD colspan="3" align="left" valign="top"><FONT size="2"><B>METHANEX CORPORATION</B></FONT></TD>
</TR>
<TR>
 <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><FONT size="2">Date: April 8, 2004</FONT></TD>
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD valign="top"><FONT size="2">By:</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD valign="top"><FONT size="2">/s/&nbsp;&nbsp;&nbsp;RANDY MILNER
<HR size="1" width="95%" align="left" noshade>
Name:&nbsp;&nbsp;Randy Milner<BR>
Title:&nbsp;&nbsp;&nbsp;&nbsp;Senior Vice President, General Counsel<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#38; Corporate Secretary</FONT></TD>
</TR>
</TABLE>
</CENTER>

<P align="center"><FONT size="2">&nbsp;
</FONT>

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<!-- link1 "BC FORM 53-901F" -->
<P><FONT size="2"><B>BC FORM 53-901F<BR>
(Previously Form&nbsp;27)</B>
</FONT>
<P><FONT size="2"><B>Securities Act</B>
</FONT>
<P><FONT size="2"><B>MATERIAL CHANGE REPORT</B>
</FONT>
<P><FONT size="2"><B>ITEM 1:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reporting Issuer</B>
</FONT>
<P><FONT size="2">Methanex Corporation (&#147;Methanex&#148;)<BR>
1800 Waterfront Centre<BR>
200 Burrard Street<BR>
Vancouver, British Columbia V6C 3M1
</FONT>
<P align="left"><FONT size="2"><B>ITEM 2:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Date of Material Change</B>
</FONT>

<P><FONT size="2">March&nbsp;31, 2004
</FONT>
<P align="left"><FONT size="2"><B>ITEM 3:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Press Release</B>
</FONT>

<P><FONT size="2">The press release announcing this material change was issued on March&nbsp;31, 2004
in Canada and the United States.
</FONT>
<P align="left"><FONT size="2"><B>ITEM 4:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Summary of Material Change</B>
</FONT>

<P><FONT size="2">Methanex Corporation announced on March&nbsp;31, 2004 that it had repaid US$182
million representing settlement of all of the debt related to its 850,000 tonne
per year Titan methanol facility in Trinidad.
</FONT>
<P align="left"><FONT size="2"><B>ITEM 5:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Full Description of Material Change</B>
</FONT>

<P><FONT size="2">Methanex Corporation acquired a 10% interest in the 850,000 tonne per year
Titan methanol facility in Trinidad in 2000, and the remaining 90% interest in
2003. On March&nbsp;31, 2004, Methanex repaid US$182&nbsp;million representing
settlement of all of the debt related to the Titan plant.
</FONT>
<P><FONT size="2">Reducing debt levels in the current strong methanol price environment is
consistent with Methanex&#146;s track record for financial prudence and reflects its
balanced approach in using excess cash. This transaction lowers Methanex&#146;s
interest expense and provides Methanex with additional operating flexibility as
the Titan methanol production facility is further integrated into Methanex&#146;s
global supply chain.
</FONT>
<P><FONT size="2">The Titan plant, which came on stream in 2000, is located next to the 1.7
million tonne per year Atlas methanol facility, a joint-venture between BP and
Methanex, which is currently under construction. Titan and Atlas provide
Methanex with the benefits of a low-cost hub and the ability to supply the
North American and Western European methanol markets on a duty-free basis.
</FONT>
<P align="center"><FONT size="2">1</FONT>
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<P align="left"><FONT size="2"><B>ITEM 6:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reliance on section 85(2) of the Act</B>
</FONT>

<P><FONT size="2">This report is not being filed on a confidential basis in reliance on section
85(2) of the Act.
</FONT>
<P align="left"><FONT size="2"><B>ITEM 7:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Omitted Information</B>
</FONT>

<P><FONT size="2">None.
</FONT>
<P align="left"><FONT size="2"><B>ITEM 8:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Senior Officer</B>
</FONT>

<P><FONT size="2">For further information, contact:
</FONT>
<P><FONT size="2">Chris Cook<BR>
Director, Investor Relations<BR>
(604)&nbsp;661-2600
</FONT>
<P align="left"><FONT size="2"><B>ITEM 9:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Statement of Senior Officer</B>
</FONT>

<P><FONT size="2">The foregoing accurately discloses the material change referred to herein.
</FONT>
<P><FONT size="2">DATED at Vancouver, British Columbia, the 7th day of April, 2004.
</FONT>
<P><FONT size="2"><B>METHANEX CORPORATION</B>
</FONT>
<P><FONT size="2"><I>&#147;Brad Boyd"</I>
<HR align="left" size="1" width="30%" noshade>
Brad Boyd<BR>
Vice-President, Treasurer
</FONT>

<P align="center"><FONT size="2">2</FONT>



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