On February 4, Yankuang Guohong conducted a bidding sale for methanol, with final transaction prices ranging from 2,120 to 2,125 yuan per ton (ex-factory, cash payment). The 640,000-ton-per-year coal-to-methanol facility is currently operating with dual furnaces. PriceSeek’s analysis of methanol assigns a bearish score of -1. The report notes that the transaction price of 2,120–2,125 yuan per ton (ex-factory, cash payment) for Yankuang Guohong’s methanol bidding sale is lower than the prevailing prices of major futures contracts in the current market (e.g., the MA2605 contract closed at 2,247 yuan per ton on February 3), indicating ample supply and pressured demand in the spot market. Additionally, the dual-furnace operation of the facility (with an annual capacity of 640,000 tons) suggests stable or increased production, which could further exacerbate oversupply. Combined with recent methanol futures data (e.g., the MA2605 contract price fell by 33 yuan per ton), this low-price sales information may intensify downward pressure on futures prices, exerting a generally bearish impact on both spot and futures markets.
Comments
0