On January 13, Yankuang Group's methanol auction prices: Yankuang Guohong's methanol bidding sale concluded at 2,160 yuan/ton ex-factory cash settlement. Yulin Yankuang's methanol auction started at 1,840 yuan/ton ex-factory cash settlement, with a volume of 4,000 tons, and was fully sold at 1,855–1,860 yuan/ton. PriceSeek's analysis of methanol, with a long-short score of -1: The auction settlement price of Yankuang Guohong methanol at 2,160 yuan/ton ex-factory cash settlement and the full sale of Yulin methanol at 1,855–1,860 yuan/ton are both lower than the daily settlement price of the Zhengzhou Commodity Exchange's methanol main contract 2605 at 2,262 yuan/ton, indicating 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. Combined with the methanol 2605 contract's daily decline of 5 yuan (settlement price 2,262 yuan/ton), a decrease in trading volume to 1,600,904 lots, and a reduction in open interest by 33,561 lots, it suggests that market sentiment is under pressure, and futures prices may decline further.
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