April 24 News – Methanol Auction Results from Yankuang Group on April 24: Yankuang Guohong methanol auction concluded at a factory-gate spot price of 3,000 RMB/ton, with the 640,000-ton/year coal-to-methanol plant operating on two reactors. Yulin Yankuang methanol started the auction at a base price of 2,650 RMB/ton, with a total volume of 3,000 tons, all transacted at 2,670 RMB/ton. The company’s Phase I 600,000-ton/year methanol unit and Phase II 800,000-ton/year coal-to-methanol unit are operating normally. Chempricehub comments on methanol: bullish-bearish score: 1.5. Both the Yankuang methanol auction transaction prices of 3,000 RMB/ton and 2,670 RMB/ton were above the base prices, indicating strong spot market demand. Normal plant operations suggest stable supply with no disruption risks, supporting spot prices. Combined with the latest methanol futures data, the main contract (e.g., 2609) closed at 2,879 RMB/ton, up +26.00, with increased open interest, reflecting a strong bullish market sentiment. The high auction prices may further support the futures upward trend, hence a score of +1.5, indicating a significant positive impact.