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Yankuang Guohong sold methanol by auction on November 12 at a final ex-works price of RMB 3,435/ton, with its 640,000 tons/year coal-to-methanol unit running two furnaces. At Yulin Yankuang, a 2,000-ton lot was fully sold at RMB 3,205-3,210/ton against a starting bid of RMB 3,190/ton.
Regional methanol auction prices are a routine read on Chinese chemical feedstock costs, with limited direct effect on feed commodity prices.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.