On January 16, 2026, Shanxi Lu'an Chemical Technology Co., Ltd. Sales Branch auctioned 300 tons of polyester-grade ethylene glycol (synthesized from syngas) in the morning (auction time: 10:30–10:40). The delivery address was Shouyang Chemical, with a starting price of 3,330 yuan/ton, tax-inclusive ex-factory, down 20 yuan/ton from the previous trading day's starting price.
PriceSeek Analysis of Ethylene Glycol:
Bull-Bear Score: -1
The auction starting price fell by 20 yuan/ton to 3,330 yuan/ton, tax-inclusive ex-factory, indicating an increased willingness among suppliers to lower prices. This reflects a rising risk of oversupply or weak demand in the spot market for ethylene glycol, exerting significant downward pressure on spot prices.
In the futures market, considering the previous day's settlement price of the main contract 2605 at 3,838 yuan/ton (down 22 yuan), this auction information reinforces expectations of a price decline and may drag down near-month futures contracts. For instance, contract 2605, with high open interest (323,343 tons) and active trading volume, is susceptible to signals of spot market weakness.
The score of -1.0 indicates a generally bearish outlook, as the decline is limited but the trend is clear.
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