The price of ethylene oxide has been trading sideways for a long time

According to the data of the business society, the average price of ethylene oxide in the domestic spot market on December 26 was 6800 yuan/ton, which has been sideways for a long time. Since October 31, it has been weak and stable for 56 days.

At present, the listing price of ethylene oxide in various regions in China is basically stable, and the factory listing price of mainstream markets in various regions is as follows:

The ethylene oxide market in East China is 6800 yuan/ton; Ethylene oxide market in South China is 6800 yuan/ton; The listing price of ethylene oxide market in central China is 6800 yuan/ton; The listed price of ethylene oxide in North China is 6800 yuan/ton, and that of some manufacturers in Northeast China is 6600 yuan/ton.

Overview of ethylene oxide industry chain

On the whole, weak downstream demand is the main reason for the weak and stable price of ethylene oxide. From the perspective of price transmission, the demand for downstream products has weakened, the price has declined, and the price support for ethylene oxide has weakened.

Fundamentals Overview

On the cost side, the price support of raw ethylene is relatively weak; At the current supply end, except for long-term shutdown devices in the early stage, the devices in production are basically operating normally, and the load is adjusted as required. In October, a new 730000 tons of new devices were put into operation in Satellite Petrochemical, and the domestic ethylene oxide production capacity rose to 7.51 million tons. At present, the capacity operation rate is about 60%. The overall supply is still loose. In terms of demand, the downstream demand is weak. The demand for polycarboxylic acid water reducer monomer in the main downstream is expected to weaken greatly due to insufficient terminal building construction conditions. At present, the inventory of polycarboxylic acid water reducer monomer enterprises has accumulated to a medium high level, the enthusiasm of enterprises for production has declined, and the purchasing atmosphere for ethylene oxide is weak.

Future market forecast

The terminal demand is weak and the demand is restrained. At present, the price of ethylene oxide has been sideways for a long time, the supply and demand fundamentals have not improved, and the operation is weak in the short term.