Chempricehub Key Reminder: Ethylene Glycol Basis Rises, Strong Support from Cost and Supply Sides

Chempricehub, July 13 – On July 13, 2026, the basis quotes for spot ethylene glycol (polyester grade, imported, primarily ethylene-based) contracts (minimum 500 tons) referencing the EG2609 futures contract rose, with specific ranges as follows:

• This week's contract (before July 17): basis +170 to +175;
• Late July contract (before July 25): basis +165 to +175.

Renewed US-Iran tensions led to a sharp increase in crude oil prices, elevating feedstock costs. Combined with shipping uncertainties from the Strait of Hormuz affecting cargo arrivals, ethylene glycol prices have moved significantly higher.