On May 11, 2026, Satellite Chemical Co., Ltd. announced its ex-factory price for ethylene-based ethylene glycol (EG) at 5,000 RMB/ton, up 100 RMB/ton from the previous trading day, with actual transaction prices subject to negotiation.

Chempricehub EG Analysis – Bullish/Bearish Rating: +1
On the spot market, Satellite Chemical raised its ex-factory price for ethylene-based EG by 100 RMB/ton to 5,000 RMB/ton on May 11, with transactions based on actual negotiations. This move supports spot market sentiment and underpins EG spot prices. On the futures market, the main EG contract (2609) on the Dalian Commodity Exchange closed at 4,833 RMB/ton on May 11, with open interest of 302,547 lots. The spot price increase is expected to provide positive momentum for futures prices.