April 21 — Inner Mongolia Rongxin methanol's starting auction price is 2,640 yuan/ton ex-factory cash payment, with a quantity of 3,000 tons. The transaction outcome is pending tracking. The plant's two methanol units, with a total capacity of 1.8 million tons/year (Phase I: 900,000 tons/year + Phase II: 900,000 tons/year), are operating normally.

Chempricehub's analysis of methanol: Bull-bear score: -1.5

The article reports that Inner Mongolia Rongxin methanol's starting auction price is 2,640 yuan/ton (ex-factory cash payment), with a quantity of 3,000 tons. The transaction outcome is pending tracking, while the plant's two units, with a total capacity of 1.8 million tons/year, are operating normally. The starting auction price is significantly lower than the current mainstream market price (e.g., the closing price of methanol futures contract 2609 is 2,824 yuan/ton), indicating ample spot supply and weak demand, which exerts downward pressure on methanol spot prices. Combined with methanol futures data (e.g., contract 2605 fell by 23 yuan, contract 2609 fell by 30 yuan), recent contracts generally declined, and changes in open interest reflect bearish market sentiment. This news may further drag down futures prices and reinforce the bearish trend. Therefore, the score of -1.5 reflects a moderate to significant bearish impact.