May 13 News
On May 13, Yanzhou Mining Guohong held a methanol competitive sales auction. The final ex-works cash price of 2,930 yuan/ton was unsuccessful (failed auction). The 640,000 tons/year coal-to-methanol plant is operating with dual furnaces.

Chempricehub Methanol Assessment – Bullish/Bearish Rating: -1
Spot side: Yanzhou Mining Guohong’s methanol failed auction at 2,930 yuan/ton ex-works cash reflects weak spot demand, with insufficient market willingness to procure. Meanwhile, the 640,000 tons/year coal-to-methanol unit is running normally with dual furnaces, with no expectation of supply tightening—posing a moderately bearish factor for spot prices.

Futures side: The main methanol contract (2609) closed at 2,915 yuan/ton on May 12, 2026, with a settlement price of 2,895 yuan/ton, unchanged from the previous session. Open interest increased by 22,689 lots. Near-month contracts posted slight declines overall. The bearish spot-side dynamics may drive a weaker performance in the futures market.