On February 3, 2026, Shanxi Lu’an Chemical Technology Co., Ltd. Sales Branch conducted an auction for polyester-grade ethylene glycol (synthesized from syngas) in the morning (auction time: 10:30–10:40). The auction quantity was 200 tons, with the delivery address at Shouyang Chemical. The starting price was 3,420 yuan/ton, including tax and ex-factory, which was 30 yuan/ton lower than the starting price of the previous trading day.
PriceSeek analysis of ethylene glycol, with a long-short score of -1.5:
The auction starting price was lowered by 30 yuan/ton to 3,420 yuan/ton, including tax and ex-factory, indicating an increase in supply or weakening demand in the spot market for ethylene glycol, with significant downward pressure on prices. Combined with futures data, the settlement price of the main contract 2605 was 3,764 yuan/ton, down 79 points, and the open interest increased, reflecting strong bearish sentiment in the market. It is expected that futures prices will also face downward pressure.
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