SunSirs--China Commodity Data Group

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SunSirs: Brief Description of Ethylene Oxide in This Week (March 9-13)

March 16 2020 11:36:56     SunSirs (John)

The price of ethylene oxide remained stable this week, was the same as last week. Except for the listed price of East China and Jilin Petrochemical at 7,600 RMB/ton, the rest of the region was 7,800 RMB/ton.

The scope of public health incidents has expanded outside of China, coupled with the crude oil price war in the international market, which has caused the crude oil market to fall sharply, the industry quaked, ethylene was down, cost support was weak, ethylene glycol prices was diving. At the beginning of the resumption, downstream polycarboxylic acid superplasticizer monomer manufacturers have not significantly improved their shipments, demand was weak, and there was a strong bearish atmosphere. In terms of equipment, Oak Chemical stopped on the 10th and Sichuan Petrochemical stopped on the 13th.

The situation is uncertain, and the possibility of price reduction is not ruled out. It is necessary to pay attention to the production and sales of the factory in time.

 

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