January 23, 2026 – The total spot inventory of ethylene glycol at East China's main ports reached 741,000 tons on January 23, 2026, an increase of 13,000 tons compared to the total spot inventory of 728,000 tons recorded on January 15, 2026. Chempricehub's analysis of ethylene glycol indicates a bearish sentiment with a score of -1. The rationale for this rating is as follows: The total spot inventory of ethylene glycol at East China's main ports increased by 13,000 tons to 741,000 tons on January 23, 2026, reflecting oversupply and weak demand, which exerts downward pressure on prices. Impact on Spot Prices: The accumulation of inventory is expected to directly suppress ethylene glycol spot prices, as ample market supply may lead sellers to lower prices to stimulate sales. Impact on Futures Prices: Considering recent ethylene glycol futures contract data (e.g., the settlement price of the 2605 contract at 3,771 yuan/ton, with a change of +90), the news of inventory buildup is likely to reinforce bearish market sentiment, potentially triggering selling activities. It is anticipated that futures prices will face downward pressure, particularly affecting short-term trends of major contracts such as 2605 and 2603.