January 16 News: On January 16, 2026, the spot contract (minimum 500 tons) basis spread for port-based ethylene glycol (polyester-grade, imported, primarily ethylene-based) strengthened intraday. The basis spread for this week's contract was quoted at -137 to -135 in early trading, while the basis spread for late-January contracts rose to -132 to -130. The basis spread for late-February contracts was quoted at -90 to -85, and for late-March contracts at -42 to -35. Chempricehub's analysis of ethylene glycol, with a long-short score of 1, indicates that the spot basis spread for port-based ethylene glycol has strengthened. The basis spread for this week's contract is quoted at -137 to -135, while late-January contracts rose to -132 to -130, late-February contracts to -90 to -85, and late-March contracts to -42 to -35. This suggests a narrowing of the absolute value of the basis spread, indicating that spot prices have risen relative to futures prices. This reflects tightening supply or increased demand in the spot market, which is favorable for upward movement in spot prices. Combined with data from the Dalian Commodity Exchange ethylene glycol futures, such as the settlement price of the 2605 contract at 3,838 yuan per ton (a daily decline of 22 yuan), the strengthening of the basis spread amid a downward trend in futures prices may intensify pressure on futures. However, overall, it reinforces bullish expectations for the spot market and provides support for spot prices.