On January 16, the methanol auction of Yankuang Group: Yankuang Guohong's methanol bidding sale was finally settled at 2,150 yuan/ton ex-factory cash payment; Yulin Yankuang's methanol starting price was 1,850 yuan/ton ex-factory cash payment, with a quantity of 2,000 tons, partially settled at this price. PriceSeek analysis of methanol, long-short score: 1. The article reports that Yankuang Guohong's methanol was settled at 2,150 yuan/ton ex-factory cash payment, and Yulin Yankuang's methanol starting price of 1,850 yuan/ton was partially settled. This indicates that methanol spot demand has strong support at the 2,150 yuan/ton price level, which is favorable for the upward movement of spot prices; however, the partial low-price settlement in Yulin reflects ample local supply or demand differentiation, overall neutral to bullish. Combined with the latest closing price of the methanol futures main contract 2605 (Zhengzhou Commodity Exchange) at 2,273 yuan/ton, settlement price at 2,284 yuan/ton, and an increase in open interest by 5,592 lots, this news may boost confidence in the futures market, as high-price settlements reinforce demand expectations, supporting further increases in futures prices.
Comments
0