April 23 News Release
On April 23, Yulin Yankuang Methanol set its auction starting price at 2,650 RMB/ton, with a total volume of 3,000 tons. Final results are pending tracking. The company’s Phase I methanol unit (600,000 tons/year) and Phase II coal-to-methanol unit (800,000 tons/year) are both operating normally.

Chempricehub Methanol Analysis – Bullish/Bearish Score: -1
The article indicates that Yulin Yankuang’s methanol auction starting price of 2,650 RMB/ton is below the current futures main contract price (e.g., the 2609 contract closed at 2,848 RMB/ton on April 22), implying ample spot supply and downward price pressure. The normal operation of both the 600,000 tons/year Phase I and 800,000 tons/year Phase II units further reinforces supply-side expectations, potentially capping spot price increases. Combined with recent methanol futures data (e.g., the 2609 contract showing reduced open interest but marginal price gains), this news presents a generally bearish signal for futures prices, likely weakening bullish momentum and increasing the risk of price corrections.