April 20th News: On April 20th, Inner Mongolia Rongxin's methanol auction started at a price of 2,640 RMB/ton ex-factory with cash payment, with a total volume of 3,000 tons. The auction concluded with all 3,000 tons sold at 2,665 RMB/ton. The plant's two methanol units—Phase I with an annual capacity of 900,000 tons and Phase II with an annual capacity of 900,000 tons—are operating normally.

Chempricehub's analysis of methanol, with a long-short rating of 1.5: The auction closing price of 2,665 RMB/ton is higher than the starting price of 2,640 RMB/ton, and the full sale of 3,000 tons indicates strong market demand and active purchasing interest. The plant's units are operating normally, ensuring stable supply, but demand-driven factors are pushing up spot prices. Combined with methanol futures data (e.g., the settlement price of the 2609 contract at 2,928 RMB/ton), robust spot demand may support near-month futures prices, reinforcing bullish expectations and benefiting long positions.