On February 3, 2026, Satellite Chemical Co., Ltd. quoted the ex-factory price of ethylene glycol (ethylene-based) at 3,610 yuan/ton, a decrease of 60 yuan/ton compared to the previous trading day, with actual transactions mainly negotiated. PriceSeek analysis of ethylene glycol, long-short score: -1.5. The spot ex-factory price of ethylene glycol fell by 60 yuan/ton to 3,610 yuan/ton, a decline of approximately 1.66%, reflecting oversupply or weak demand in the market. The prevalence of negotiated transactions indicates increased buyer bargaining power, which is bearish for spot prices. In the futures market, the main ethylene glycol contract, such as 2605, closed at 3,767 yuan/ton, down 79 yuan, with an increase in open interest suggesting growing short-side pressure. Other contracts, such as 2611 and 2701, also generally declined, indicating overall bearish market sentiment and reinforcing the downward trend in futures prices. Therefore, a score of -1.5 signifies a relatively strong bearish impact, with short-term prices expected to remain under pressure.
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