On January 26, it was reported that on January 26, 2026, Shaanxi Coal Group Yulin Chemical Co., Ltd. auctioned 510 tons of polyester-grade ethylene glycol (produced from syngas) in the morning (auction time: 10:00–10:10). The starting lot size was 34 tons, with delivery at the factory area of Shaanxi Coal Group Yulin Chemical Co., Ltd. The pick-up period was 7 days, and the starting price was 3,300 yuan/ton, including tax and self-pickup from the factory. Chempricehub’s analysis of ethylene glycol indicates a bearish score of -1.5. The auction starting price of 3,300 yuan/ton is significantly lower than the current futures price level of ethylene glycol (e.g., the closing price of the 2605 contract on January 23, 2026, was 3,997 yuan/ton), reflecting an oversupply or insufficient demand in the market, which may exert downward pressure on spot prices. Meanwhile, futures contracts such as the 2609 contract, with a closing price of 4,080 yuan on January 23, 2026, show relatively high recent prices. This auction event is expected to intensify bearish sentiment and drive a correction in futures prices, as the low starting price suggests that future transaction prices may decline further.