ChemPriceHub, October 22 —
On October 22, Inner Mongolia ENN Methanol held an auction with a starting price of CNY 3,080 per ton for a total volume of 3,000 tons. The final transaction prices were CNY 3,140 per ton for 2,800 tons and CNY 3,145 per ton for 200 tons. Currently, the Phase I project (600,000 tons/year capacity) is operating smoothly. The Phase II methanol project (600,000 tons/year capacity) has been shut down since July 1, with the specific restart date yet to be determined.
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