On November 9, the starting bid price for the Inner Mongolia ENN methanol auction was set at RMB 3,230 per tonne, with a total offered quantity of 3,000 tonnes. Ultimately, 2,200 tonnes were sold at this price, while the remaining volume went unsold. Currently, the Phase I plant (600,000 tonnes/year) is operating steadily. The Phase II methanol project (600,000 tonnes/year) has been shut down since July 1, and its restart date remains to be determined.
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