April 23 News – On April 22, an 800,000-ton/year ethylene glycol/diethylene glycol unit in East China underwent a temporary shutdown for maintenance starting April 21, with an expected duration of approximately 10 days. Chempricehub Evaluation: Ethylene Glycol – Bull/Bear Score: 1. The temporary 10-day shutdown of an 800,000-ton/year ethylene glycol unit in East China will result in a short-term reduction in supply of approximately 22,000 tons (based on annual capacity conversion), which is bullish for spot prices. Combined with ethylene glycol futures data, the main contract 2609 closed at 4,842 RMB/ton, up 19 RMB, with open interest increasing by 10,920 lots, indicating a strengthening market bullish sentiment. This event may support further upward movement in futures prices. Diethylene Glycol – Bull/Bear Score: 1. As a co-product of the same unit, diethylene glycol supply will also be reduced simultaneously, which is bullish for spot prices. The 10-day unit shutdown is expected to decrease supply, supporting a tighter supply-demand balance in the spot market, with prices likely to rise.