The center of gravity of ethylene glycol prices shifted downwards in November

The price of ethylene glycol has been falling continuously in November, and the price center has shifted downwards. Recently, the price has started to stop falling. According to data from Shengyi Society, as of November 28th, the average price of domestic oil to ethylene glycol was 4050 yuan/ton, a decrease of 4.05% from the average price of 4220.83 yuan/ton on November 1st.
In terms of port ethylene glycol, the basis of port ethylene glycol spot contracts (starting from 500 tons) has weakened significantly, and this week’s contracts have weakened during the day, leading to the start of discounting futures. Today’s intraday basis quotation range for this week’s contracts is+8 to -5. As of the close on November 28th, the contract basis quotation for next week will be+5 to+6, the contract basis quotation for December will be+18 to+20, and the contract basis quotation for January will be+33 to+35.
The spot price of domestic coal to polyester grade ethylene glycol (loose water, tax included, self pickup) per unit is 3720-3880 yuan/ton.
In terms of external ethylene glycol, as of November 26th, the recent negotiations on the landed price of ship cargo have resulted in transactions around $460-462 per ton.
Changes in Ethylene Glycol Plant in November 2025:
In November 2025, the ethylene glycol plant showed a trend of multiple domestic plant restarts, maintenance, and load reduction in parallel. The shutdown of overseas Iranian plants caused supply concerns, and some Middle Eastern and Southeast Asian plants were operating stably,
East China main port ethylene glycol inventory increases by 209000 tons in November 2025
On November 27, 2025, the total inventory of ethylene glycol in the main ports of East China was 708000 tons, an increase of 40400 tons compared to the total inventory of 667600 tons on November 17; Compared to the total inventory of 499000 tons of ethylene glycol at the East China main port on October 30th, the inventory has increased by 209000 tons; Compared to September 29th, the total inventory of ethylene glycol in the East China main port was 355100 tons, an increase of 352900 tons.