According to market sources, two ethylene glycol units in South Korea, each with an annual capacity of 120,000 tons, are scheduled to undergo maintenance starting at the end of February, with an expected downtime of approximately three months. PriceSeek analysis of ethylene glycol: Bullish-Bearish Score: 1.5.
This news indicates that two ethylene glycol units in South Korea, each with an annual capacity of 120,000 tons, are planned for maintenance starting at the end of February, lasting three months, which is expected to reduce ethylene glycol supply by approximately 60,000 tons (one-quarter of the total annual capacity of 240,000 tons). The reduction in supply will intensify market tightness, supporting an increase in spot prices of ethylene glycol.
Combined with the latest data of the main ethylene glycol futures contract (e.g., 2605) (closing price on February 4, 2026: 3,788 yuan/ton, up 14 yuan), the expectation of reduced supply may strengthen bullish sentiment, driving further upward movement in futures contract prices, particularly affecting near-month contracts such as 2603 and 2604. A score of 1.5 reflects a relatively significant positive impact, but attention should be paid to global supply-demand balance and changes in demand-side factors.