March 10, 2026 — On March 10, 2026, Satellite Chemical Co., Ltd. quoted the ex-factory price of ethylene glycol (ethylene-based) at 4,220 yuan/ton, a decrease of 580 yuan/ton compared to the previous trading day. Actual transactions are primarily negotiated. Chempricehub's analysis of ethylene glycol indicates a bearish score of -2. The spot price of ethylene glycol fell sharply by 580 yuan/ton to 4,220 yuan/ton, a significant decline, suggesting market oversupply or weak demand, which constitutes a major bearish factor for spot prices. Combined with recent ethylene glycol futures data (e.g., the main contract 2605 closed at 4,597 yuan on March 9, 2026, up 287 yuan), the sharp drop in spot prices may drag down futures price expectations, triggering market selling pressure and leading to downward pressure on futures prices.