May 15, 2026 – On May 15, 2026, the morning basis quotations for port-based ethylene glycol (polyester grade, imported, primarily ethylene-based) spot contracts (minimum 500 tons) were as follows: today's contract basis quoted at around +95 to +100. Market trading focused on next-week contracts, with next-week contract basis quoted at +107 to +108. Late-May contracts quoted basis of +110 to +118, while late-June contracts quoted basis of +135 to +140.

Chempricehub Analysis of Ethylene Glycol – Bullish/Bearish Rating: 1

Today, basis quotations for port-based ethylene glycol spot contracts across all cycles have risen across the board, reflecting a tight supply-demand pattern in the current spot market, which provides strong support for spot ethylene glycol prices.

In terms of futures, the main contract for ethylene glycol (EG2609) on the Dalian Commodity Exchange closed at 4,691 yuan/ton on May 14, 2026, down 90 yuan/ton from the previous trading day. The strengthening of spot basis will provide support to the futures market from below, limiting the downward price potential in the short term. Overall, the outlook is moderately bullish.