February 4th news: According to market sources, a 200,000-ton/year ethylene glycol (EG) plant in Taiwan Province of China is scheduled to undergo maintenance shutdown this weekend, with an expected restart in March. Chempricehub's analysis of ethylene glycol shows a bullish-bearish score of 1. The shutdown of this plant will reduce EG supply by 200,000 tons per year, leading to tight spot market supply in the short term and pushing up spot prices. Combined with futures data, the main contract 2605 (closing price on February 4, 2026: 3,788 yuan/ton, change: +14) has recently seen significant trading volume and increased open interest, indicating bullish market sentiment. The maintenance news may strengthen the upward trend of near-month contracts (such as 2605 and 2606), benefiting futures prices. However, the scale of the capacity is relatively limited, and its impact is localized, so it is rated as a moderate positive.