SunSirs: Daily Review on Ethylene Oxide on May 18
May 19 2022 13:55:02 SunSirs (John)Price trend
Ethylene oxide remained stable, with the ex-factory price of 8,200 RMB/ton in East China, North China, South China and Northeast China, and 8,300 RMB/ton in Central China.
Analysis review
The supply of ethylene was abundant, and the market continued to bottom out. The latest Northeast Asia ethylene price was 150 US dol1ars/ton, down by 20 US dol1ars/ton compared with the price of the previous trading day. Affected by the decline in ethylene prices, the profit margin of ethylene oxide was restored. Based on the current external price and exchange rate, EO was currently losing around 250 RMB/ton. The real estate policy was good for the terminal, and the recovery of terminal demand was relatively slow. The inventory of the single plant still needed time to be digested, and the market was mainly wait-and-see.
Market outlook
In the short term, the ethylene oxide market is temporarily stable.
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