SunSirs: Poor Demand, Ethylene Oxide Continued to Be Weak in the Early Stage

Price trend

According to the data of SunSirs, the average price of ethylene oxide in the domestic spot market on December 21 was 6,800 RMB/ton, which was the same as the average price at the beginning of the month (12.1); and it was 9.33% lower than the average market price of 7,500 RMB/ton on October 1.

Analysis review

The listing price of ethylene oxide in various regions of China was basically stable, and the factory listing price of mainstream markets in various regions was as follows:

The ethylene oxide market in East China was 6,800 RMB/ton; Ethylene oxide market in South China was 6,800 RMB/ton; The listing price of ethylene oxide market in central China was 6,800 RMB/ton; The listed price of ethylene oxide in North China was 6,800 RMB/ton, and that of some manufacturers in Northeast China was 6,600 RMB/ton.

The price of ethylene oxide was dragged down by the downstream. After the price was lowered in October, it was weak and stable.

On the cost side, the price support of raw ethylene is relatively weak; At the current supply end, except for long-term shutdown devices in the early stage, the devices currently in production are basically operating normally, and the load is adjusted as required. In October, 730000 tons of new units were put into operation in Satellite Petrochemical, and the domestic ethylene oxide production capacity rose to 7.51 million tons. At present, the capacity operation rate is about 60%. The overall supply is still loose.

In terms of demand, the downstream demand is weak. The demand of polycarboxylic acid water reducer monomer in the main downstream is expected to weaken greatly due to insufficient terminal building construction conditions. At present, the inventory of polycarboxylic acid water reducer monomer enterprises has accumulated to a medium high level, the enthusiasm of enterprises for production has declined, and the purchasing atmosphere for ethylene oxide is weak.

Market outlook

The terminal demand is weak and the demand is restrained. Ethylene oxide mainly tend to be weaker in the short term.

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