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Chempricehub Alert: Satellite Chemical's Ethylene Glycol Quote Lowered by 40 Yuan
Published on 2026-01-08

January 08 News
On January 8, 2026, Satellite Chemical Co., Ltd. quoted the ex-factory price of ethylene glycol (ethylene-based) at 3,660 yuan/ton, a decrease of 40 yuan/ton compared to the previous trading day. Actual transactions are subject to negotiation.

Chempricehub Analysis on Ethylene Glycol, Bull-Bear Score: -1
The ex-factory price of ethylene glycol has been lowered by 40 yuan/ton to 3,660 yuan/ton, indicating ample market supply or weak demand, exerting downward pressure on spot prices. Considering the recent performance of ethylene glycol futures (e.g., the main contract 2605 rose by 58 yuan on January 7), the decline in spot prices may dampen sentiment in the futures market, putting pressure on futures prices. The overall bearish impact stems from expectations of weakening fundamentals, but the magnitude of the decline is relatively moderate (approximately 1.1%), resulting in a score of mildly bearish.

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