April 13 (Reuters) - According to market rumors, an 800,000-ton-per-year ethylene glycol (EG) plant in Hainan is scheduled to shut down around late May, with an initial estimated downtime of two months. Chempricehub's analysis of ethylene glycol assigns a long-short score of 1.5. The market rumor suggests that the shutdown of the 800,000-ton-per-year EG plant in Hainan for two months is expected to reduce supply by approximately 130,000 tons. This supply contraction is likely to drive up spot prices. In conjunction with the EG futures market, the main contract 2609 has an open interest of 156,372 lots. This news may stimulate buying activity, benefiting the upward movement of futures prices, as the expectation of reduced supply reinforces bullish sentiment in the market.