April 23 News - On April 22, a 300,000-ton-per-year ethylene glycol/diethylene glycol unit in East China is scheduled for a full-plant shutdown for maintenance from May 6 to early July. Chempricehub assesses ethylene glycol with a bullish-bearish score of 1.5. The report indicates that the planned shutdown of the 300,000-ton-per-year ethylene glycol unit from May 6 to early July will reduce ethylene glycol supply, supporting spot prices. Combined with futures data, the main ethylene glycol contract (e.g., 2609) recently closed at 4,842 CNY/ton, with a change of +19, a trading volume of 454,542 lots, and an increase in open interest by 10,920 lots, reflecting market expectations of supply tightness and enhanced bullish sentiment, which favors futures prices. The supply disruption lasting nearly two months has a significant but not extreme impact, thus rated +1.5 (moderately bullish). For diethylene glycol, the score is also 1.5. The report notes that the same unit shutdown will reduce diethylene glycol supply, benefiting spot prices. The supply disruption, expected to persist until early July, may push up spot market prices. Based on commodity supply-demand principles, reduced supply typically supports price increases, with an impact similar to that of ethylene glycol, hence rated +1.5 (moderately bullish).