March 9th News — Auction Status of Yankuang Group’s Methanol on March 9th: Yulin Yankuang methanol starting bid: 2,150 yuan/ton, quantity: 3,000 tons, transaction outcome pending follow-up; Yankuang Guohong methanol competitive bidding concluded at 2,650 yuan/ton ex-factory cash payment. The 640,000 tons/year coal-to-methanol plant is operating with dual furnaces. Chempricehub Analysis of Methanol, Bull-Bear Score: 1 Yankuang Guohong methanol was transacted at a high price of 2,650 yuan/ton, significantly exceeding Yulin Yankuang’s starting bid of 2,150 yuan/ton, indicating strong spot market demand and providing support for spot prices. The dual-furnace operation ensures stable supply, but the transaction price exceeding expectations reflects active downstream procurement, which is favorable for the spot market. Combined with futures data, the settlement price of the methanol main contract 2605 on the Zhengzhou Commodity Exchange was 2,527 yuan/ton (March 6, 2026). The spot premium phenomenon may attract arbitrage funds, driving futures prices upward. Changes in open interest indicate increased market activity, overall benefiting the futures market.