March 2 News: On March 2, Yankuang Group's methanol auction results: Yankuang Guohong's methanol bidding sale concluded at 2,175–2,185 yuan/ton ex-factory cash settlement. The 640,000 tons/year coal-to-methanol plant is operating with three furnaces. Yulin Yankuang's methanol auction started at 1,890 yuan/ton for 3,000 tons, with partial transactions at this price. Chempricehub's methanol analysis, long-short rating: -1. The article indicates that Yankuang Guohong's methanol was traded at 2,175–2,185 yuan/ton ex-factory cash settlement, while Yulin's methanol auction partially concluded at a starting price of 1,890 yuan/ton, reflecting a weak spot market with price pressure. The 640,000 tons/year capacity plant is in operation, ensuring ample supply, while short-term demand remains insufficient. Combined with Zhengzhou Commodity Exchange methanol MA futures data (2026-03-02), key contracts such as 2701 settled at 2,407 yuan/ton, up 108 yuan, but spot prices are significantly lower than futures levels. The widening basis may limit further upside for futures. Overall, spot market bearish signals are clear, rated as generally bearish: -1.