January 23, 2026 - Shanxi Lu'an Chemical Technology Co., Ltd. Sales Branch conducted an auction for 300 tons of polyester-grade ethylene glycol (synthesized from syngas) from 10:30 to 10:40 AM. The delivery address is Shouyang Chemical Plant, with a starting price of 3,320 yuan/ton (tax-included, ex-factory), which is 20 yuan/ton higher than the previous trading day. Chempricehub Analysis of Ethylene Glycol, Bull-Bear Score: 1 The auction starting price increased by 20 yuan/ton compared to the previous trading day, reaching 3,320 yuan/ton, indicating tight supply or increased demand in the spot market, which is favorable for ethylene glycol spot prices. Combined with the recent widespread rise in ethylene glycol futures contracts (e.g., the main contract 2609 settlement price on January 22, 2026, was 3,876 yuan/ton, up 90 yuan; contract 2610 settlement price was 3,923 yuan/ton, up 110 yuan), this event may reinforce the upward trend in futures prices, reflecting optimistic market expectations.