April 29 News – On April 29, Yankuang Group's methanol auction results: Yankuang Guohong methanol auction concluded at a factory-exit spot price of 3,000 RMB/tonne, with the 640,000 tonnes/year coal-to-methanol plant operating with three gasifiers. Yulin Yankuang methanol auction started at a floor price of 2,660 RMB/tonne, with a volume of 3,000 tonnes, and all were transacted at 2,670–2,675 RMB/tonne. The company's Phase I 600,000 tonnes/year methanol unit and Phase II 800,000 tonnes/year coal-to-methanol plant are operating normally. Additionally, the Phase II project is scheduled for a 20-day turnaround starting May 6.

Chempricehub Methanol Review – Bullish/Bearish Score: 1.5
The article indicates that Yankuang Group's methanol auction transaction prices reached 3,000 RMB/tonne (factory-exit spot) and 2,670–2,675 RMB/tonne, which were higher than market expectations, reflecting robust spot demand. Meanwhile, Yulin Yankuang's Phase II 800,000-tonne plant is scheduled for a 20-day overhaul starting May 6, which will reduce future supply and further support spot price increases. In line with the latest futures data, the methanol MA main contract 2701 (Zhengzhou Commodity Exchange) closed at 2,873 RMB/tonne on April 28, up 55 RMB from the previous day, a significant increase. Open interest rose to 108,286 lots, indicating strong bullish sentiment. The rise in auction prices and the expectation of tightening supply may drive futures prices higher, sustaining the upward trend. The overall bullish score is +1.5, representing a relatively strong positive signal, as firmer spot prices and reduced supply will directly boost both the spot and futures markets.