For ethylene glycol buyers, the January 21 market offered a mix of stable and slightly softer pricing signals. In Zhangjiagang, spot prices edged down by 14 yuan to 3,581 CNY/MT, with a brief midday bounce giving way to afternoon weakness—creating potential entry points for cost-conscious buyers.
South China delivered prices held steady at 3,750 CNY/MT, though muted downstream demand and thin trading volumes mean there may be room for negotiation on bulk orders. The USD-denominated price also stayed flat at 428 USD/MT, providing consistency for international buyers.
With spot basis levels moving in a narrow range (05-110 to 05-108), now is a good time for buyers to assess inventory needs and lock in favorable rates before any shift in downstream demand or global supply dynamics.