Analysis of Methanol Auction Market for Yankuang Group on August 31

Chempricehub August 31 News
On August 31, Yankuang Group held methanol auctions as follows: Yulin Yankuang's second methanol auction started at RMB 2,800/mt, with a volume of 4,000 mt, and the entire volume was transacted at this price. The company's Phase I 600,000 mt/year methanol plant and Phase II 800,000 mt/year methanol project are both operating stably. Yankuang Guohong's methanol sales via bidding concluded at RMB 3,020-3,025/mt on an ex-plant cash basis, with its 640,000 mt/year coal-to-methanol plant running on dual furnaces.