March 2 News: On March 2, 2026, the spot contract basis (for lots of 500 tons or more) of port-based ethylene glycol (polyester-grade, primarily imported, ethylene-based) strengthened. The basis for this week's contract was quoted at -78 to -75 in early trading, while the basis for late March contracts was quoted at -39 to -37, and the basis for late April contracts was quoted at +3 to +5. Chempricehub's analysis of ethylene glycol, with a bullish-bearish score of +1.5, indicates that the strengthening of the spot basis—with this week's contract at -78 to -75, late March at -39 to -37, and late April at +3 to +5—suggests that spot prices are consistently stronger relative to futures prices. This reflects either improving demand or tightening supply, which is bullish for the spot market. Combined with ethylene glycol futures data (such as the main contract 2605, which closed at 3,703 yuan/ton on February 27, 2026, down by 22 yuan), the strengthening basis may signal a potential rebound in futures prices, as market expectations of strong spot prices could drive futures upward. Overall, this is favorable for the price trend of ethylene glycol, with a score of +1.5 (between moderately bullish and significantly bullish).