February 4th News – According to market rumors, a 400,000-ton-per-year ethylene glycol (EG) unit in South China is planning a shutdown in the near future, though the actual implementation remains to be seen. Chempricehub’s analysis of ethylene glycol gives a long-short rating of +1. The article mentions that a potential shutdown of a 400,000-ton-per-year EG unit in South China, if realized, would reduce market supply, providing support for spot prices and driving them higher. However, as the actual implementation remains uncertain, market sentiment is cautious, limiting the bullish impact. Considering the EG futures market (for example, the 2605 contract closed at 3,767 yuan/ton, with recent declines but an increase in open interest), this news may alleviate downward pressure on futures and fuel expectations for a short-term rebound. Overall, the rating is moderately bullish (+1), reflecting the positive impact of potential supply contraction, though follow-up implementation progress should be monitored.