April 27 News | April 27 Yanzhou Coal Mining Group Methanol Auction Update: Yanzhou Guohong methanol auction concluded with a transaction price of 3,020 RMB/ton (ex-factory, spot payment), with the 640,000-ton/year coal-to-methanol plant operating with three furnaces in service. Yulin Yanzhou Coal Mining Group's methanol auction started at a base price of 2,640 RMB/ton, with a total volume of 8,000 tons, and was fully transacted at 2,670–2,680 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 both operating normally.

Attachment: Chempricehub Methanol Analysis – Bullish/Bearish Score: 1.5

This round of Yanzhou Coal Mining Group's methanol auction indicates strong demand: Yanzhou Guohong's transaction price of 3,020 RMB/ton is higher than the previous market price. Yulin Yanzhou Coal Mining Group's starting price of 2,640 RMB/ton was ultimately fully transacted at 2,670–2,680 RMB/ton, with the premium reflecting active end-user procurement. Plant operations remain stable (the 640,000-ton/year unit and Phase I 600,000 tons + Phase II 800,000 tons/year units are running normally), ensuring sufficient supply. However, the auction premium provides further support for spot prices. Considering recent performance of methanol futures (e.g., the main contract 2701 settled at 2,748 RMB/ton, up 21 RMB, with open interest increasing by 2,855 lots), rising demand expectations are likely to push futures prices higher. The rating stands at +1.5 (moderately bullish), as the full auction clearance and rising prices highlight optimistic market sentiment. However, limited price increases and stable supply prevent this from reaching an extreme bullish level.