January 15th News — On January 14th, 2026, the offshore ethylene glycol (MEG) prices are as follows: the CFR China price is $446–451 per ton, and the CFR Southeast Asia price is $462–464 per ton. Chempricehub’s analysis of ethylene glycol gives a bearish score of –1. The report states that on January 14th, 2026, the CFR China price for ethylene glycol was $446–451 per ton, while the CFR Southeast Asia price was $462–464 per ton. Combined with domestic ethylene glycol futures data (the main contract 2605 closed at 3,867 yuan per ton, approximately $552 per ton assuming an exchange rate of 7.0), offshore prices are significantly lower than domestic levels. This may create import arbitrage opportunities, leading to an expected increase in supply. This exerts downward pressure on spot prices, as lower import costs could stimulate more imports and suppress domestic spot prices. Meanwhile, the futures market has recently shown an upward trend (e.g., contract 2605 rose by 29 yuan per ton), but the low offshore prices may trigger arbitrage selling pressure, limiting future gains or causing a pullback. Therefore, the rating is generally bearish at –1.