February 9th News On February 9th, Yulin Yankuang Methanol started with a bidding price of 1,800 yuan/ton for a quantity of 2,000 tons, and was fully sold at 1,830 yuan/ton. The company's Phase I 600,000-ton/year methanol plant and Phase II 800,000-ton/year coal-to-methanol plant are operating normally. Chempricehub Analysis of Methanol, Bull-Bear Score: -1 Yulin Yankuang Methanol spot started bidding at 1,800 yuan/ton and was fully sold at 1,830 yuan/ton. Although the final price was higher than the starting bid, 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-ton/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 general decline in futures contracts (e.g., the MA2605 settlement price fell by 20 yuan/ton), this event reinforces bearish sentiment and exerts a generally negative impact on futures prices.