On August 14, 2026, the spot contract basis quotations for port ethylene glycol (polyester grade, imported, predominantly ethylene-based, minimum order 500 tons) were as follows:
This Week's Contract (before Aug 14): Opening basis quotation range: +315 to +330; basis subsequently narrowed slightly to +300 to +310 (trades executed); afternoon saw a modest rebound to +306 to +320 (mostly quotations, very few trades executed).
Next Week's Contract (before Aug 21): Opening basis quotation range: +310 to +330; basis subsequently narrowed slightly to +300 to +310 (trades executed); afternoon saw a modest rebound to +305 to +320 (mostly quotations, very few trades executed).
Late August Contract (before Aug 25): Opening basis quotation range: +310 to +330; basis subsequently narrowed slightly to +300 to +305 (trades executed); afternoon saw a modest rebound to +300 to +310 (mostly quotations, very few trades executed).
Late September Contract (before Sep 25): Opening basis quotation range: +150 to +165; basis subsequently moved slightly higher to +160 to +180; afternoon saw a modest rebound to +170 to +180.
In the morning session, the basis remained weak but stable, with some trades transacted. In the afternoon, futures rallied, while spot traders mostly adopted a wait-and-see stance, resulting in subdued market activity.
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