March 4th News — On March 4, 2026, the spot contract (minimum 500 tons) basis quotes for port-based ethylene glycol (polyester-grade, imported, primarily ethylene-based) opened stronger in the morning session. The basis quotes for this week’s contracts ranged from -55 to -50, for late March contracts from -20 to -17, and for late April contracts from +20 to +25. Chempricehub’s analysis of ethylene glycol shows a long-short score of +1.5. The article indicates that spot basis quotes for ethylene glycol are firm, with this week’s contract basis at -55 to -50 (negative basis), late March contract basis at -20 to -17 (negative basis narrowing), and late April contract basis at +20 to +25 (turning positive). This suggests that the spot market anticipates improved demand and tightening supply, which is favorable for upward movement in spot prices. Combined with futures data (e.g., the settlement price for the 2605 contract at 3,965 yuan/ton, up 167 yuan), recent contracts have generally risen. Changes in open interest indicate active market participation, and the strengthening basis is expected to support further gains in futures prices, benefiting the overall market trend. The score of +1.5 reflects a relatively strong positive impact, though not driven by extreme events.