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