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SunSirs: Demand Was Weak, the Ethylene Oxide Prices Were Downward
November 21 2023 15:08:33SunSirs(John)

Price trend

In November, the price of ethylene oxide decreased. According to data from SunSirs, as of November 20th, the average market price of ethylene oxide in China was 6,400 RMB/ton; From a regional perspective, the epoxy ethane market in East China was priced at 6,400 RMB/ton externally; The listed price of ethylene oxide in the South China market was 6,500 RMB/ton; The listed price of epoxy ethane in North China was 6,400-6,500 RMB/ton; The listed price of ethylene oxide in the central China region was 6,600 RMB/ton.

Analysis review

The main downstream polycarboxylate water reducing agent monomer was affected by poor terminal demand, and recent weak demand had weakened its support for the price of ethylene oxide.

Raw material end

The price of raw material ethylene had started to show a weak market consolidation, and the cost support for ethylene oxide was average. On November 17th, the estimated CFR China price for ethylene in the port was between 860-880 US dollars per ton.

Market outlook

Recently, crude oil had declined, ethylene prices had been weak and stable, and the cost of ethylene oxide was relatively weak; In addition, the weak demand for upstream and downstream products had led to a recent decline in the price of ethylene oxide. However, as profits expanded towards negative values, there was an expectation of a decrease in the operating rate of ethylene oxide, and the downward space gradually narrowed. It is expected that the price of ethylene oxide will remain weak and stable in the short term

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