Yankuang Group methanol auction on July 20: Yulin Yankuang methanol opening bid price at 2270 yuan.

On July 20, Yankuang Group's methanol auction results: Yulin Yankuang's methanol starting price was 2,270 RMB/ton, with a total volume of 5,000 tons, eventually fully transacted at 2,315–2,320 RMB/ton. The company's Phase I 600,000-ton/year methanol plant and Phase II 800,000-ton/year methanol project are both operating steadily. Yankuang Guohong auctioned methanol, with final transaction at 2,640 RMB/ton ex-works in spot cash. The 640,000-ton/year coal-to-methanol plant is currently operating with three furnaces in service.