January 14 News: On January 14, 2026, the trader quotations (including tax, full truck, factory pickup) for polyester-grade ethylene glycol (synthesis gas-based) are as follows: Yulin polyester-grade 3,280 yuan/ton, Weihua polyester-grade 3,340 yuan/ton, Jianyuan polyester-grade 3,240 yuan/ton. Yanchang polyester-grade 3,300 yuan/ton, Zhonghuaxue polyester-grade 3,435 yuan/ton, Shouyang polyester-grade starting bid 3,360 yuan/ton. Trader external quotation: winning bid + 30 yuan/ton for actual purchase orders, contactable at: 18667002095 (same number for WeChat).
Chempricehub Analysis of Ethylene Glycol: Bull-Bear Score: -1.5
The article indicates that on January 14, 2026, the spot quotations for polyester-grade ethylene glycol (synthesis gas-based) ranged from 3,240 to 3,435 yuan/ton, which is generally on the lower side. For instance, Yulin's quotation was 3,280 yuan/ton, and Jianyuan's was 3,240 yuan/ton, significantly lower than the closing price of the previous day's main futures contract 2605 at 3,815 yuan/ton. This reflects ample supply and weak demand in the spot market, possibly due to capacity release or reduced purchasing willingness in the downstream polyester industry.
Combined with futures data, the settlement price for ethylene glycol futures contract 2605 was 3,831 yuan/ton (January 13, 2026), with a change of -38 yuan/ton. High trading volume (318,388 lots) and increased open interest accompanied by a price decline indicate pessimistic market expectations. The weakness in the spot market may further drag down futures prices.
Overall assessment: Both spot and futures markets show bearish trends, but they have not yet reached extreme levels. Therefore, the score is -1.5 (moderately bearish).
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