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Morning Zhangjiagang ethylene glycol trend fluctuates slightly stronger
Although overnight crude oil prices continued to strengthen, market expectations remained cautious, and ethylene glycol prices fluctuated slightly higher in the morning. The basis remained relatively stable. In the morning market, spot negotiations ranged from 4916 to 4918 yuan/ton, with spot basis from 05+28 to 05+30. The basis for April second month was from 05+33 to 05+40, and for May first month from 05+45 to 05+48; the basis for May second month was from 05+75 to 05+78. (Unit: yuan/ton) (Longzhong Information)