STL(SZ:002648) Xin Lang Cai Jing·2026-01-05 11:45Core Viewpoint - Satellite Chemical Co., Ltd. has reduced its ex-factory price for ethylene glycol to 3610 yuan/ton, a decrease of 60 yuan/ton from the previous trading day, indicating potential oversupply or weak demand pressures in the market [1][3]. Price Analysis - The reduction in the ex-factory price reflects direct downward risks to spot prices, which may trigger a market decline [4]. - The recent trend in ethylene glycol futures contracts shows a downward trajectory, suggesting that this price cut could amplify bearish sentiment in the futures market, leading to short-term price pressure [4]. Pricing Mechanism - The benchmark price from the Business Society is derived from big data and pricing models, serving as a trading guide price, also known as the Business Society price [4]. - This price can be used to determine two types of transaction settlement prices: one for a specified date and another for an average price over a specified period [4]. - The pricing formula is defined as: Settlement Price = Business Society Benchmark Price × K + C, where K is an adjustment coefficient that includes factors like account period costs [4].