February 24th News: On February 24, 2026, Shanxi Lu'an Chemical Technology Co., Ltd. Sales Branch will auction 200 tons of polyester-grade ethylene glycol (synthesized from syngas) in the morning (bidding time: 10:30–10:40). The delivery address is Shouyang Chemical Plant, with a starting price of 3,300 RMB/ton, including tax and ex-factory. Chempricehub Analysis of Ethylene Glycol: Bull-Bear Score: -2 The starting price of this ethylene glycol auction, at 3,300 RMB/ton, is significantly lower than the current market level (referencing recent futures main contracts, such as the 2610 closing price of 3,839 RMB/ton). This indicates an oversupply or weak demand in the market, which will exert significant downward pressure on spot prices and is expected to drag down actual transaction prices. Meanwhile, the futures market may be affected by this bearish sentiment, with the main contract price facing further correction risks. Investors should remain vigilant for short-selling opportunities.