Xin Lang Cai Jing·2025-12-29 13:44Group 1 - The core point of the article is that Satellite Chemical Co., Ltd. has raised its ex-factory price for ethylene glycol to 3670 yuan/ton, an increase of 20 yuan/ton from the previous trading day, indicating a tight supply or improved demand in the spot market [1][4] - The increase in the ex-factory price is expected to positively impact spot prices, suggesting a bullish sentiment in the market [2][5] - The recent performance of the ethylene glycol futures contract (closing price of 3846 yuan/ton and settlement price of 3820 yuan/ton on December 26, 2025) indicates that the price adjustment may lead to a moderate upward trend in futures prices [2][5] Group 2 - The pricing mechanism for bulk commodities is based on big data and a pricing model, which generates a benchmark price used for transaction settlement [2][5] - The benchmark price can be utilized to determine settlement prices for specific dates or average prices over specified periods [2][5] - The pricing formula includes an adjustment coefficient (K) that accounts for factors such as account period costs, and a premium/discount (C) that includes logistics costs and regional price differences [3][5]