According to market sources, a Saudi ethylene glycol unit with an annual capacity of 450,000 tons has been restarted after a warm-up. The unit was previously shut down for maintenance in early December 2025.
PriceSeek analysis of ethylene glycol: Bull-bear score: -1
The restart of a 450,000-ton ethylene glycol unit in Saudi Arabia is expected to increase global supply, putting downward pressure on spot prices. The previous shutdown for maintenance had reduced supply, and the restart will restore market supply, potentially leading to a decline in spot prices.
Combined with ethylene glycol futures data, such as the settlement price of the 2605 contract at 3,764 yuan/ton (down 79 points), the increase in open interest indicates bearish sentiment. This news may reinforce the downward trend, putting pressure on futures prices.
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