October 30: Yankuang Group Methanol Auction Update. Yankuang Guohong conducted an auction for methanol sales, with the final

October 30, Yankuang Group Methanol Auction Status:

Yankuang Guohong conducted an auction for methanol sales. The final deal was partially concluded at a price of RMB 3,560 per ton (ex-factory cash terms). The plant’s annual production capacity is 640,000 tons of coal-based methanol, with three gasifiers currently in operation.

The starting bid price for methanol from Yankuang Yulin was set at RMB 3,230 per ton for a volume of 3,000 tons; this price level saw partial transactions. Both the company’s Phase I unit (annual capacity of 600,000 tons) and Phase II project (annual capacity of 800,000 tons) are operating smoothly.