On August 26, 2025, Satellite Chemical Co.,Ltd. announced an ex-factory external quotation of 4,500 yuan per ton for ethylene glycol, with actual transactions subject to negotiation.
**Commodity Formula Pricing Principles** The benchmark price is a transaction guidance price generated based on price big data and pricing models, also known as the platform price. It can be used to determine transaction settlement prices for the following two requirements: 1. Settlement price for a specified date 2. Average settlement price for a specified period
Pricing Formula: Settlement Price = Benchmark Price × K + C K: Adjustment coefficient, including factors such as credit period costs. C: Premium/discount, including factors such as logistics costs, brand price differences, regional price differences, etc.
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