February 4th News: On February 4th, Yankuang Guohong conducted a bidding auction for methanol, with the final transaction price settling at 2,120–2,125 yuan/ton ex-factory cash payment. The 640,000-ton/year coal-to-methanol plant is currently operating with dual furnaces. Chempricehub’s analysis of methanol indicates a bearish sentiment score of -1. The report notes that the transaction price of 2,120–2,125 yuan/ton (ex-factory cash payment) for Yankuang Guohong’s methanol bidding auction is lower than the current mainstream futures contract prices (e.g., the MA2605 contract closed at 2,247 yuan/ton on February 3rd), suggesting ample supply in the spot market and subdued demand. Additionally, the operation of dual furnaces (with an annual capacity of 640,000 tons) indicates stable or potentially increased production, which may further exacerbate oversupply. Combined with recent methanol futures data (e.g., the MA2605 contract price fell by 33 yuan/ton), this low-price sales information could intensify downward pressure on futures prices, exerting a generally bearish impact on both spot and futures markets.