February 10 News
On February 10, Yankuang Guohong conducted a bidding sale with an ex-factory cash price of 2,120 yuan/ton. The transaction results are pending this afternoon. The 640,000-ton/year coal-to-methanol plant is currently operating with three furnaces.
Chempricehub Analysis on Methanol, Bull-Bear Score: -1
The bidding sale price of 2,120 yuan/ton is lower than the closing price of 2,231 yuan/ton for the current methanol MA futures main contract 2605, indicating significant pressure in the spot market. The full-load operation of the 640,000-ton/year plant increases supply, coupled with uncertainty over pending transaction results, which may lead to further declines in both spot and futures prices. Under normal operating conditions, the risk of oversupply is rising, posing a bearish outlook for short-term price trends.