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Chempricehub Alert: Increased Outbound Volume of Ethylene Glycol in East China Boosts Prices
Published on 2026-02-28
February 28th News — On February 27, 2026, the ethylene glycol (EG) outbound shipment data from major ports in East China is as follows: approximately 1,500 tons were shipped from the main storage areas in Zhangjiagang, while around 8,400 tons were shipped from the two major storage areas in Taicang. Chempricehub’s analysis of ethylene glycol, with a bullish-bearish score of 1, reports that outbound shipments from East China ports on February 27, 2026, increased significantly. Shipments from Zhangjiagang reached 1,500 tons, and Taicang shipments totaled 8,400 tons, amounting to approximately 9,900 tons in total. This indicates strong downstream demand and accelerated inventory drawdown, which is favorable for EG spot prices, as tightening supply may push up spot market quotations. Combined with futures data, the main EG contract, such as 2605, closed at 3,703 yuan/ton (change: -22), suggesting recent price pressure. However, the high outbound shipment volume signals a recovery in demand, which may support a rebound in futures prices, particularly benefiting longer-dated contracts. Therefore, a moderately bullish score is assigned, with expectations that both spot and futures prices could benefit from improving demand.