SunSirs: Brief Introduction of Ethylene Oxide in April (April 1-30)
May 06 2020 14:25:00 SunSirs (John)
Price trend
On April 30, the general price of ethylene oxide was raised by 300 RMB/ton, and the adjusted price in mainstream East China was 6,300 RMB/ton, which was a total increase of 500 RMB/ton compared with the price of 5,800 RMB/ton at the beginning of the month, an increase of 8.6 %.
Analysis review
Ethylene oxide was raised twice in April. It is reported that Zhenhai Refining & Chemical Co., Ltd. stopped unexpectedly, Wuhan Petrochemical Parked, Tianjin Petrochemical and Tianjin Zhongsha were overhauled, and market resources were tightened. The upstream ethylene market continued to be low and kept bottoming out. The downward price of ethylene meant that the profit of ethylene oxide would rise in disguise. The operating rate of downstream ethylene glycol has decreased, the price trend has been narrow and fluctuating. The single market has been affected by the mentality of buying up, and the market has been rising. However, in general, the basic support is still weak, especially the cost side. Under the high profit, the enterprise is actively changing production, which may have an impact on the fluctuation of supply and demand side in the future.
Market outlook
The market for ethylene oxide is expected to stabilize temporarily.
If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.
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