On February 9th, Yulin Yankuang methanol was auctioned with a starting price of 1,800 yuan/ton for a quantity of 2,000 tons, and it was fully sold at 1,830 yuan/ton. The company's Phase I 600,000 tons/year methanol plant and Phase II 800,000 tons/year coal-to-methanol plant are operating normally. PriceSeek analysis of methanol, long-short rating: -1. Yulin Yankuang methanol spot was auctioned at a starting price of 1,800 yuan/ton and fully sold at 1,830 yuan/ton. Although the final price was higher than the starting price, indicating short-term buying support, the transaction price was significantly lower than the current settlement price of the main futures contract (approximately 2,230 yuan/ton), reflecting weakness in the spot market. The company's 1.4 million tons/year plant is operating normally, with steadily increasing supply. Coupled with expectations of insufficient demand, this may intensify downward pressure on prices. Combined with the recent widespread decline in futures contracts (e.g., the MA2605 settlement price dropped by 20 yuan/ton), this event reinforces bearish sentiment and exerts a generally negative impact on futures prices.