February 11th News Summary of Yankuang Group Methanol Auction on February 11th: Yankuang Guohong's methanol competitive bidding sale concluded at 2,130 yuan/ton ex-factory cash payment. The 640,000 tons/year coal-to-methanol plant is operating with three furnaces. Yulin Yankuang's methanol auction started at 1,830 yuan/ton for a quantity of 3,000 tons, with most transactions concluded at this price. 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. Chempricehub's analysis of methanol, with a bullish-bearish score: -1.5. The transaction price of Yankuang Guohong's methanol at 2,130 yuan/ton and Yulin Yankuang's methanol auction, where most transactions were concluded at the starting price of 1,830 yuan/ton, are significantly lower than the current methanol futures main contract (e.g., MA2605 closing at 2,241 yuan/ton), indicating ample supply or weak demand in the spot market. The normal operation of the plants (640,000 tons/year with three furnaces, and Phase I 600,000 tons and Phase II 800,000 tons fully operational) reinforces supply expectations. Combined with the reduction in open interest for near-term methanol futures contracts such as MA2605 (-24,275 lots) and price declines (settlement at 2,234 yuan/ton, down -7.00 yuan), it is expected to exert downward pressure on both spot and futures prices. A score of -1.5 reflects a generally to significantly bearish impact.