Recently, Longhua New Materials issued an announcement stating that the company obtained project approval from the Gaoging County Administrative Examination and Approval Service Bureau on January 27, 2026. The project involves the construction of an annual production capacity of 200,000 tons of environmentally friendly polyether series products, with a total investment of 6 billion yuan, funded by the company's own or self-raised capital. The project is located in Gaoging County, Zibo City, Shandong Province, and is expected to be completed by 2028.
PriceSeek's analysis of ethylene glycol indicates a long-short sentiment score of 1. Longhua New Materials' 200,000-ton annual production capacity project for environmentally friendly polyether series products will significantly increase long-term demand for ethylene glycol, which is favorable for the spot price of ethylene glycol. Combined with ethylene glycol futures data (such as the closing price of the 2605 contract at 3,743 yuan/ton and an open interest of 409,432 lots), the demand expectations generated by the project may support futures prices, particularly for forward contracts. Although some contract prices have experienced slight declines recently, improved market expectations are likely to elevate long-short sentiment.
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