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SunSirs: Market Analysis of Ethylene Oxide This Week (Oct. 7-11)

October 12 2019 09:57:59     SunSirs (John)

The ex-factory price of ethylene oxide in East China this week was 8,000 RMB/ton, 8200 RMB/ton in South China and North China, and 8100 RMB/ton in Central China and Northeast China.

 

The upstream ethylene market showed a large decline, the profit of ethylene oxide increased, the downstream polycarboxylate water reducer monomer was sideways, slightly oscillated, the inventory was low, the enterprise purchased on demand, and the market wait and see atmosphere still existed. Ethylene glycol spot prices rose slightly and fundamentals supported well. In terms of installations, Jinyan, RMBDongLian, Shanghai Petrochemical Company and Fushun Petrochemical Company have maintenance plans. Affected by the military games, ethylene oxide load was reduced to 60% in central China, and market resources were slightly tightened.

 

Ethylene oxide analysts believe that the market of ethylene oxide will be stable in short term.

 

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

 

 

 

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