On October 10, the starting bid price for Inner Mongolia ENN methanol auction was set at RMB 3,740 per ton, with a total volume of 600 tons.

On October 10, the starting bid price for Inner Mongolia ENN’s methanol auction was set at RMB 3,740 per tonne, with a total volume of 6,000 tonnes (products exceeding potassium permanganate standards). The entire lot failed to attract any bids and remained unsold. Currently, the Phase I plant with an annual capacity of 600,000 tonnes is operating stably. However, the Phase II methanol project, also with an annual capacity of 600,000 tonnes, has been shut down since July 1, and its specific restart date remains undetermined.