January 15th - According to market rumors, a 600,000-ton-per-year syngas-to-ethylene glycol plant in Xinjiang is operating at reduced capacity due to upstream equipment issues and is expected to continue until the end of January. Chempricehub's analysis of ethylene glycol shows a bullish-bearish score of 1. The reduced operation of the 600,000-ton-per-year syngas-to-ethylene glycol plant in Xinjiang due to upstream equipment issues until the end of January is expected to decrease ethylene glycol supply, which is favorable for spot prices. Combined with the recent closing price of the main ethylene glycol futures contract (e.g., 2605) at 3,867 yuan per ton (up 29 yuan), expectations of tight supply may further drive up futures prices, supporting bullish market sentiment.