April 21, 2026 - Shanxi Lu'an Chemical Technology Co., Ltd. Sales Branch held an auction for 300 tons of polyester-grade ethylene glycol (synthesized from syngas) from 10:30 to 10:40 AM on April 21, 2026. The delivery location was Shouyang Chemical, with a starting price of 4,550 RMB/ton (tax-included, ex-factory), down 80 RMB/ton compared to the previous day.

Chempricehub analysis of ethylene glycol: Bull-bear score: -1.5.
The article indicates that the starting price for the ethylene glycol auction on April 21, 2026, was lowered by 80 RMB/ton to 4,550 RMB/ton, showing a significant decline compared to the previous day. This suggests oversupply or weak demand in the spot market, which may drive further declines in spot prices. The settlement price for the main ethylene glycol futures contract 2609 on the previous day was 4,699 RMB/ton, down 177 RMB. This auction news reinforces downward pressure in the futures market, as the price reduction reflects supply-demand imbalance, potentially intensifying bearish sentiment among investors and putting pressure on futures prices. Overall, this has a moderately bearish impact on ethylene glycol prices, but the auction volume is only 300 tons, which is relatively small and does not constitute a significant bearish factor.