April 13 — According to market rumors, the second 600,000-ton unit of Shaanxi's 1.8 million-ton/year syngas-to-ethylene glycol plant commenced maintenance today, with an expected duration of less than 20 days. Chempricehub's analysis of ethylene glycol shows a long-short score of 1.5. Market rumors indicate that the 600,000-ton portion (accounting for 33% of total capacity) of Shaanxi's 1.8 million-ton/year ethylene glycol plant will undergo maintenance for 20 days, which is expected to reduce short-term supply and drive up spot prices. Combined with ethylene glycol futures data, the Dalian Commodity Exchange's 2605 contract closed at 4,969 yuan/ton (down 50 yuan), with a trading volume of 656,851 lots and open interest of 233,190 lots (a decrease of 12,439 lots). This news may reverse the current downtrend, boost market sentiment, and support an upward movement in futures prices, particularly with near-month contracts being more sensitive. The score of +1.5 reflects the strong positive impact of supply contraction, but attention should be paid to the confirmation of the rumors and changes in demand conditions.