On January 30, the starting auction price for Yulin Yankuang methanol was 1,780 yuan/ton, with a volume of 3,000 tons. All lots were ultimately sold at prices ranging from 1,780 to 1,785 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.
PriceSeek's analysis of methanol shows a long-short score of 1.5. The article indicates that the starting auction price for Yulin Yankuang methanol was 1,780 yuan/ton, and all lots were ultimately sold at 1,780–1,785 yuan/ton, reflecting strong spot market demand. The final transaction price at the upper end of the range suggests active buyer participation. The normal operation of the plants (Phase I 600,000 tons/year + Phase II 800,000 tons/year) ensures stable supply with no shortage risks.
Combined with methanol futures data, the main contract, such as 2605, closed at 2,320 yuan/ton (up by +9.00), with open interest increasing by 12,003 lots and trading volume reaching 1,918,999 lots, indicating strong bullish sentiment in the market. The futures price is expected to continue its upward trend, supported by the spot market. Overall, the assessment suggests a strong positive impact on both spot and futures prices.
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