News on January 9th: A list of polyester-grade ethylene glycol (syngas-based) trader quotations (including tax, full truckload, ex-factory pickup) for January 9, 2026: Yulin polyester-grade 3,280 yuan/ton, Weihua polyester-grade 3,350 yuan/ton, Jianyuan polyester-grade 3,220 yuan/ton, Woneng polyester-grade 3,400 yuan/ton, Shouyang polyester-grade starting bid 3,360 yuan/ton, winning bid +30 yuan/ton. For actual purchase orders, please contact: 18667002095 (same as WeChat number). Chempricehub analysis of ethylene glycol, long-short score: -1.5. Spot quotations range from 3,220 to 3,400 yuan/ton (e.g., Yulin 3,280 yuan/ton, Woneng 3,400 yuan/ton), significantly lower than the futures closing price on January 8, 2026 (e.g., contract 2609 at 3,937 yuan/ton), indicating ample market supply or weak demand, which may exert downward pressure on futures prices. The trader bidding mechanism (e.g., Shouyang starting bid at 3,360 yuan/ton) suggests intense competition, further reinforcing bearish expectations. Combined with futures data, recent changes in contract open interest (e.g., contract 2605 open interest increased by 5,267 lots) indicate market divergence, but spot market weakness may drag down futures adjustments.
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