On January 7, 2026, China Chemical (Inner Mongolia) New Materials Co., Ltd. held an auction for 204 tons of polyester-grade ethylene glycol (produced from syngas) in the morning (bidding time: 10:30–10:40). The starting lot size was 34 tons, with delivery at the company’s plant site in Inner Mongolia. The delivery period was 5 days, and the starting price was 3,270 yuan/ton, inclusive of tax and ex-factory for self-pickup.

PriceSeek Analysis of Ethylene Glycol:
Bull-Bear Score: -1.5

The auction starting price of 3,270 yuan/ton is significantly lower than the closing price of 3,838 yuan/ton for the current ethylene glycol futures main contract 2605 (data as of January 6, 2026). This indicates ample supply or weak demand in the spot market, which may exert downward pressure on spot prices and lower market transaction levels.

Combined with futures data, the ethylene glycol contract 2605 rose by 30 yuan/ton, reflecting a recent upward trend. However, the low auction price may raise concerns about market fundamentals, potentially increasing selling pressure in the futures market. It is expected that futures prices will face downward pressure and undergo a correction.

The score of -1.5 reflects a moderate to significant bearish outlook, as the starting price discount is substantial (approximately 15%). Although the auction volume of 204 tons is relatively small, it reinforces bearish expectations.