January 28, 2026 - A snapshot of polyester-grade ethylene glycol (syngas-based) trader quotations (tax-included, full truckload, ex-factory pickup) as of January 28, 2026: Yulin Chemical polyester-grade at 3,380 yuan/ton; Sinochem polyester-grade starting bid at 3,450 yuan/ton (delivery within 5 days); Shenhua polyester-grade at 3,390 yuan/ton; Shouyang polyester-grade starting bid at 3,450 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 28, 2026, spot quotations for polyester-grade ethylene glycol ranged from 3,380 to 3,450 yuan/ton, with examples such as Yulin Chemical quoting 3,380 yuan/ton and Sinochem starting at 3,450 yuan/ton. These prices are significantly lower than the current main futures contract (e.g., the 2605 contract settlement price of 3,956 yuan/ton), suggesting ample supply or weak demand in the spot market, exerting downward pressure on spot prices. Combined with futures data, the main ethylene glycol contract 2605 settlement price fell by 46 points to 3,956 yuan/ton, open interest decreased by 6,520 lots, and trading volume remained high, reflecting increased bearish sentiment in the market, with futures prices likely to face further pressure. Considering the low spot quotations and the downward trend in futures, the score is -1.5, indicating a generally bearish bias with a significant impact, and short-term prices are expected to remain weak.