Chempricehub reported on August 25: On August 25, 2026, the spot contract basis quotations for port ethylene glycol (polyester grade, imported, mainly ethylene-based, 500 tons minimum order) were as follows:
Late-August contract (before Aug 25): Opening basis quotation range was +620 to +630. As the final delivery date approached, rigid-demand buyers showed strong interest in taking delivery before the market open. After rigid demand cargo was lifted, the basis moved lower to +500 to +550. In the afternoon, it held at around +500, and after the close, there were buy orders at +510 for today's cargo.
This-week contract (before Aug 28): Opening basis quotation range was +540 to +580, then the basis moved slightly lower to +460 to +500. In the afternoon, the range was +430 to +480.
Late-September contract (before Sep 25): Opening basis quotation range was +280 to +300, then the basis rose slightly to +290 to +300. In the afternoon, it eased modestly to +260 to +290.
Port inventories remained tight. On the final delivery day for the late-August contract, spot traders held limited cargo, keeping the basis elevated in early trading. After rigid-demand buyers completed their basis cargo take-up, combined with the high futures level, the volume of basis cargo created by spot traders after hedging increased, and the basis eased slightly.
Today, the starting auction prices for coal-based ethylene glycol rose notably. The main reason was that East China port ethylene glycol prices moved up significantly yesterday, with large-lot transaction prices around 6,250 RMB/ton. As the spread to inland coal-based ethylene glycol starting prices widened to over 1,000 RMB/ton, today's ex-works starting auction price for coal-based ethylene glycol was lifted to 5,600 RMB/ton, and the spread narrowed somewhat. It is understood that in most prior periods, the spread between the two was around 400–500 RMB/ton; currently, it stands at 600–800 RMB/ton.
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