January 7th News
On January 7, 2026, China Chemical (Inner Mongolia) New Material Co., Ltd. auctioned 204 tons of polyester-grade ethylene glycol (synthesized 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 pickup period was 5 days, and the starting price was 3,270 RMB/ton, including taxes and self-pickup from the factory.

Chempricehub Analysis on Ethylene Glycol
Bull-Bear Score: -1.5

The auction starting price of 3,270 RMB/ton was significantly lower than the closing price of 3,838 RMB/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 RMB/ton, reflecting a recent upward trend. However, the low auction price may raise market concerns about fundamentals, increasing selling pressure in the futures market. It is expected that futures prices will face 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.