On January 14, 2026, the external market prices for ethylene glycol (EG) are as follows:
The CFR China price for EG is $446–451 per ton, while the CFR Southeast Asia price is $462–464 per ton.

PriceSeek analysis of ethylene glycol, with a long-short rating: -1
The article reports that on January 14, 2026, the CFR China price for EG is $446–451 per ton, and the CFR Southeast Asia price is $462–464 per ton.
Combined with domestic EG futures data (the main contract 2605 closed at 3,867 yuan per ton, approximately $552 per ton, assuming an exchange rate of 7.0), the external market prices are significantly lower than domestic levels, potentially increasing import arbitrage opportunities and leading to expectations of higher supply. This exerts downward pressure on spot prices, as lower import costs may 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 external market prices may trigger arbitrage selling pressure, limiting future gains or causing a pullback. Therefore, the rating is generally bearish: -1.