The latest ex factory price of ethylene oxide in East China, North China and Northeast China is 10000 yuan / ton, that in Central China is 10200 yuan / ton, and that in South China is 9900 yuan / ton.

Upstream, ethylene supply continued to be in short supply, resulting in upward price shocks. On October 23, Chevron Phillips Chemical shut down its 850000 T / a cracking unit in Cedar bayou, Texas; On October 27, Xingxing new energy’s 300000 t / a MTO unit in Zhejiang stopped production.

In terms of ethylene oxide, it can be clearly seen from the weekly k-column chart that ethylene oxide was slightly stable in the first week of this month. It rose to varying degrees in the three weeks of service, and the latest price has reached the 10000 Yuan line. The high raw material price is the core factor, which leads to the shortage of spot in the ethylene oxide Market, which leads to the chain reaction of the contraction of the supply of downstream monomer manufacturers.

Under the influence of the environment, the prices of bulk products soared, causing fluctuations in the mentality of people in the industry, and there are generally bullish expectations. The soaring prices of crude oil and coal push up the price of ethylene, which in turn raises the production cost of ethylene oxide. Under the high cost, in order to pursue profits, the enterprises of cogeneration units chose to produce ethylene glycol with greater profit space. In addition, the high price of methanol and coal in the early stage made the enterprises of MTO units quite unbearable. They had to reduce the burden or stop the line to control the cost, resulting in a shortage of goods in the market. When the downstream learned that ethylene oxide was out of stock, they chased up and bought one after another, and even there were some irrational fluctuations in the price in the later stage. However, it is worth mentioning that since the start of construction after this year, people in the downstream market have been feeding back the low demand. The monomer manufacturers have followed the rise to support the market, which is also intended to boost the market mentality. Compared with the beginning of the month, hPEG increased by 20.95%, TPEG by 20.37%, monoethanolamine by 41.67%, diethanolamine by 46.23%, triethanolamine by 44.86% and AEO-9 by 19.05%.

At present, the profit margin of ethylene oxide is much larger than that of ethylene glycol. All subsequent cogeneration units have production adjustment plans. At present, the daily eg output of Sanjiang Petrochemical has been reduced by nearly 60%. Based on the latest ethylene CIF Northeast Asia outer disk price of 1200 US dollars / ton and the ex factory price of 10000 yuan / ton in East China, the profit of ethylene oxide is about 1600 yuan / ton. However, the downstream monomer is at the end of its strength. Today, the market price has dropped secretly, with a strong wait-and-see atmosphere. If the cost side support falls, ethylene oxide may also usher in an inflection point. We need to pay close attention to the changes of market supply.