Morning Zhangjiagang market for ethylene glycol opened higher and kept rising

Oil prices surged strongly last week, and morning ethylene glycol opened higher and kept rising. In the morning, spot prices were negotiated at 4,525–4,527, with the spot basis at 09+165 to 09+170, and the basis for the July contract at 09+170 to 09+175; the August lower-month basis was 09+95/100. (Unit: yuan/ton) (Lunzhong Information)
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