February 24th News On February 24th, the starting bid price for methanol from Yulin Yankuang was 1,810 yuan/ton, with a quantity of 5,000 tons. The transaction status is pending follow-up. 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. Chempricehub Analysis of Methanol Bull-Bear Score: -2 The article indicates that the starting bid price for methanol from Yulin Yankuang is only 1,810 yuan/ton, significantly lower than the current market level (referencing the closing price of the main futures contract, such as MA2605 at 2,285 yuan/ton), suggesting an oversupply in the spot market. The normal operation of the company’s 1.4 million-ton/year plant further increases supply pressure, while the pending transaction status implies weak demand. This is expected to significantly depress spot prices and pose downside risks to futures prices. Considering the latest futures data (such as the MA2605 contract’s increase of +51.00, though spot market weakness may reverse the upward trend), overall prices are anticipated to face pressure, indicating a major bearish outlook.