January 16th News: On January 16, 2026, Shanxi Lu'an Chemical Technology Co., Ltd. Sales Branch held a morning auction (bidding time: 10:30–10:40) for 300 tons of polyester-grade ethylene glycol (synthetic gas-based). The delivery address is Shouyang Chemical, with a starting price of 3,330 yuan/ton, including tax and ex-factory, down 20 yuan/ton from the previous trading day's starting price. Chempricehub's analysis of ethylene glycol, with a long-short score of -1: The auction starting price fell by 20 yuan/ton to 3,330 yuan/ton, including tax and ex-factory, indicating increased willingness among suppliers to lower prices. This reflects rising risks of oversupply or weak demand in the spot market for ethylene glycol, posing significant downward pressure on spot prices. In terms of futures, 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 has a high open interest of 323,343 tons and active trading volume, making it susceptible to weak spot market signals. The score of -1.0 indicates a generally bearish outlook, as the decline is limited but the trend is clear.