On January 28, 2026, Satellite Chemical Co., Ltd.'s ex-factory price for ethylene glycol (ethylene-based) was quoted at 3,850 yuan/ton, an increase of 40 yuan/ton compared to the previous trading day, with actual transactions subject to negotiation. PriceSeek analysis of ethylene glycol, with a long-short score of 1.5, indicates that the spot ex-factory price for ethylene glycol rose by 40 yuan/ton to 3,850 yuan/ton, reflecting upward pressure on the supply side, potentially due to rising raw material ethylene costs or improved demand, which is a significant positive for spot prices. Combined with futures data, the closing price of the main ethylene glycol contract 2605 on the previous trading day was 3,938 yuan/ton, with a settlement price of 3,956 yuan/ton, down 46 yuan. However, the strength in the spot market may drive a rebound in futures prices, as the futures market anticipates that spot trends will lead to a recovery in contract prices. The score of +1.5 reflects a significant increase and improved market sentiment.
Comments
0