Auction Results for Methanol by Yankuang Group on November 12: The competitive bidding sale of methanol by Yankuang Guohong concluded with

Methanol Auction Update from Yankuang Group on November 12:

Yankuang Guohong conducted an auction-based sale of methanol, with the final transaction price settled at RMB 3,435/ton ex-works (cash terms). The company’s 640,000 tons/year coal-to-methanol unit is currently operating with two furnaces in service.

At Yulin Yankuang, the starting bid price for methanol was set at RMB 3,190/ton for a volume of 2,000 tons. The entire quantity was successfully sold at a final price range of RMB 3,205–3,210/ton. Both Phase I (600,000 tons/year) and Phase II (800,000 tons/year) methanol plants are operating stably.