ChemPriceHub Alert: Yankuang Guohong Methanol Auction Price at 2120 CNY/ton

On February 10, Yankuang Guohong conducted a bidding sale with a price of 2,120 yuan/ton ex-factory cash payment, awaiting the afternoon transaction results. The 640,000 tons/year coal-to-methanol plant is currently operating with three furnaces. PriceSeek analysis of methanol, long-short rating: -1. The bidding sale price of 2,120 yuan/ton is lower than the closing price of the current methanol MA futures main contract 2605 at 2,231 yuan/ton. The significant price gap reflects pressure in the spot market. The full-load operation of the 640,000 tons/year plant increases supply, coupled with the uncertainty of pending transaction results, which may lead to further declines in spot and futures prices. Under normal operating conditions, the risk of oversupply rises, negatively impacting short-term price trends.