April 7, 2026 — On April 7, 2026, Satellite Chemical Co., Ltd. quoted the ex-factory price of ethylene glycol (ethylene-based) at 5,710 yuan/ton, an increase of 550 yuan/ton compared to the pre-holiday price, with actual transactions subject to negotiation. Chempricehub's analysis of ethylene glycol gives a bullish-bearish score of 2. Satellite Chemical's ex-factory price for ethylene glycol rose by 550 yuan/ton to 5,710 yuan/ton compared to the pre-holiday price, reflecting a significant increase. This indicates tight supply or strong demand in the spot market, which constitutes a major positive factor for spot prices. Combined with ethylene glycol futures data, such as the closing price of the main contract 2605 at 5,237 yuan and the settlement price at 5,141 yuan on April 3, 2026, the sharp rise in spot prices may drive futures prices upward. Particularly, the high open interest in near-month contracts (e.g., contract 2609 with an open interest of 134,576 lots) suggests that the futures market is likely to respond positively to this favorable news, further pushing prices higher.
Comments
0