January 13 News On January 13, Yankuang Group's methanol auction prices were as follows: Yankuang Guohong's methanol bidding sale concluded at a final price of 2,160 yuan/ton ex-factory with spot payment. Meanwhile, Yulin Yankuang's methanol auction started at a floor price of 1,840 yuan/ton ex-factory with spot payment for a quantity of 4,000 tons, and the entire lot was sold at a final price range of 1,855–1,860 yuan/ton. Chempricehub's analysis of methanol indicates a bearish sentiment with a rating of -1. The auction settlement prices for Yankuang Guohong's methanol at 2,160 yuan/ton ex-factory with spot payment and Yulin Yankuang's methanol at 1,855–1,860 yuan/ton, both below the Zhengzhou Commodity Exchange's methanol main contract 2605 settlement price of 2,262 yuan/ton for the day, reflect ample supply and weak demand in the spot market. This price signal may exacerbate the futures-spot spread (contango structure) and reinforce bearish market expectations. Coupled with the methanol 2605 contract's decline of 5 yuan for the day (settlement price of 2,262 yuan/ton), a decrease in trading volume to 1,600,904 lots, and a reduction in open interest by 33,561 lots, the market sentiment appears under pressure, suggesting the potential for further declines in futures prices.