Price trend
In the past 10 days, the price of ethylene oxide rose slightly, with an increase of 5.63%. On the 27th, the mainstream ex-factory price was 7,400-7,600 RMB/ton.
Analysis review
During the week, ethylene oxide continued its previous strength, but it started to stagnate recently. The reasons are as follows:
- Upstream ethylene prices fell, and cost support weakened.
According to external data, the spot-to-shore middle price of ethylene in Southeast Asia was lowered by 50 US dollars/ton during the period, from 960 US dollars/ton on the 16th to 910 US dollars/ton on the 26th. The spot-to-shore median price of ethylene in Northeast Asia was lowered by 70 US dollars/ton during the period, from 970S dollars/ton on the 16th to 900 US dollars/ton on the 26th.
- Downstream supply and demand were weak;
On the downstream side, the domestic market price of polycarboxylate superplasticizer monomer was firm during the week, the operating load of the monomer factory was low, at about 40%, and the supply was not high. The demand for construction in the terminal market was also relatively weak, but it wais in a situation of weak supply and demand. At present, the downstream price increase of ethylene oxide is acceptable, and there is no obvious negative feedback. At present, the acceptance of the price increase of ethylene oxide in the downstream is still acceptable, and no obvious negative feedback has been generated.
Market outlook
SunSirs predicts that the price of ethylene oxide may fluctuate sideways in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com