Both sides had opportunities in an eventful first period, but neither could make the breakthrough with the scores level at the interval.
It was a similar story in the second half, with the two Spanish rivals made to settle for a share of the spoils despite chances for each.
Read how it all unfolded in Sports Mole's minute-by-minute live commentary of the action.
ELCHE: Herrera; Lomban, Suarez, Albacar, Botia; Marquez, Perez, Fidel; Coro, Boakye, Carles Gil
VALLADOLID: Marino; Rukavina, Valiente, Rueda, Pena; Rubio, Sastre, Omar, Oscar, Bergdich; Guerra