February 6th News Recently, Longhua New Materials announced that the company obtained the project filing issued by the Gaoxing County Administrative Examination and Approval Service Bureau on January 27, 2026. The project involves the construction of an annual production capacity of 200,000 tons of environmentally friendly polyether series products, with a total investment of 6 billion yuan. The funding will be sourced from the company's own or self-raised funds. The project is located in Gaoxing County, Zibo City, Shandong Province, and is expected to be completed by 2028. Chempricehub Analysis of Ethylene Glycol, Bull-Bear Score: 1 Longhua New Materials' 200,000-ton annual production capacity project for environmentally friendly polyether series products will significantly increase the long-term demand for ethylene glycol, which is favorable for the spot price of ethylene glycol. Combined with ethylene glycol futures data (e.g., the closing price of the 2605 contract is 3,743 yuan/ton, with an open interest of 409,432 lots), the demand expectations brought by the project may support futures prices, especially for forward contracts. Although some contract prices have experienced slight declines recently, improved market expectations are likely to elevate bullish and bearish sentiment.