December 26th News — According to market rumors, a 700,000-ton-per-year ethylene glycol unit in Saudi Arabia is currently shut down due to power issues, with plans for a restart in the near term. Another 700,000-ton-per-year ethylene glycol unit in Saudi Arabia is scheduled to restart at the end of January, having been shut down for maintenance in December. Chempricehub Analysis on Ethylene Glycol: Bull-Bear Score: 1 The article reports the shutdown of two 700,000-ton-per-year ethylene glycol units in Saudi Arabia. One unit is shut down due to power issues but plans to restart soon, while the other, shut down in December, is scheduled to restart at the end of January. The shutdowns reduce current supply, which is bullish for spot prices. However, the restart plans increase future supply, though short-term supply tightness dominates market sentiment, supporting price increases. Combined with ethylene glycol futures data, the main contract 2605 (Dalian Commodity Exchange) closed at 3,818 yuan/ton, up 85 yuan from the previous day. Trading volume was 544,842 lots, and open interest was 329,232 lots, indicating active market participation and expectations of tight supply. Futures prices are driven by bullish factors. Scoring rationale: Short-term supply reduction is favorable for prices, while delayed restarts alleviate bearish pressure, resulting in a moderately bullish rating.