ChemPriceHub, October 15 — On October 15, Yankuang Energy Group (Yulin) launched an auction for methanol with a starting price of RMB 3,130 per ton and a volume of 7,000 tons; however, all lots remained unsold. The company’s Phase I methanol plant (600,000 tons/year capacity) and Phase II methanol project (800,000 tons/year capacity) are both operating smoothly.
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