SunSirs: Terminal Demand Improved, and Ethylene Oxide Prices Were Firm
March 17 2023 10:07:06 SunSirs (John)
Price trend
According to the data of SunSirs, the average price of domestic ethylene oxide spot market was 7,200 RMB/ton on March 16, 2023, up 2.86% from the beginning of the month; Compared with the price of 6,800 RMB/ton at the beginning of the year, up 5.88%.
Analysis review
On the 16th, Sanjiang Chemical Co., Ltd. quoted an ex-factory price of 7,200 RMB/ton for ethylene oxide; The ex-factory price of ethylene oxide of Satellite Chemical Co., Ltd. was 7,200 RMB/ton; Lianhong Xinke ethylene oxide was sold at 7,200 RMB/ton.
The terminal demand improved, and the price of the main downstream polycarboxylic acid water-reducing agent monomer recovered. On the one hand, after the holiday, the resumption of production and construction of terminal real estate started, the production enthusiasm of polycarboxylic acid water-reducing agent monomer enterprises increased, and the demand for ethylene oxide increased.
On the other hand, the market of other downstream products performed well in February, and the transmission of price rise in the downstream was relatively smooth.
In March, the downstream ethylene glycol was affected by the crude oil price, and recently fell slightly. However, the strong expectation of weak supply and better demand in the middle of March was still strong. As of March 16, the main ports in East China had significant destocking, with strong underlying support.
Market outlook
The price of raw material ethylene rose, and the cost support of ethylene oxide was strong; The market of the main downstream polycarboxylic acid water-reducing agent monomer had improved, and the demand for ethylene oxide was expected to improve. It is expected that the price of ethylene oxide will continue the current trend in the short term, tend to be stronger in shock.
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