January 23 News On January 23, Yankuang Guohong conducted a methanol bidding sale, with a final transaction price of 2,120 yuan/ton ex-factory cash payment. The 640,000-ton/year coal-to-methanol plant is currently operating with three furnaces. Chempricehub analysis of methanol, long-short score: -1 The bidding sale price of 2,120 yuan/ton is lower than the settlement price of 2,232 yuan/ton for the current methanol MA futures main contract 2605 (data as of January 22, 2026), indicating increased supply pressure in the spot market. The operation of three furnaces suggests sufficient production capacity for the 640,000-ton/year coal-to-methanol plant, which may further suppress price increases. Combined with the recent upward trend in the futures market (e.g., the settlement price of contract 2605 rose by 17 yuan), this low-price transaction reinforces expectations of oversupply, exerting downward pressure on both spot and futures prices, representing a generally bearish impact.