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ChemPriceHub Alert: Satellite Chemical's ex-factory price for ethylene glycol has been lowered.
Published on 2026-01-05
On January 5, 2026, Satellite Chemical Co., Ltd. announced an ex-factory price of 3,610 yuan per ton for ethylene glycol, a decrease of 60 yuan per ton compared to the previous trading day, with actual transactions subject to negotiation. PriceSeek analysis of ethylene glycol, with a long-short score of -1, reports that Satellite Chemical's ex-factory price for ethylene glycol has been lowered by 60 yuan per ton to 3,610 yuan per ton, indicating that the company is facing pressure from oversupply or weak demand. This poses a direct downside risk to spot prices and may trigger a market-wide decline. Combined with the recent performance of ethylene glycol futures (e.g., the main contract price showing a downward trend), this price reduction signal may amplify pessimistic sentiment in the futures market, leading to short-term price pressure. Therefore, the score is set as generally bearish, reflecting weak fundamentals but not a major event-driven impact.