SunSirs: The Cost of Raw Materials Supported, the Downstream Demand Was Good, and the Price of Ethylene Oxide Was Strong
March 29 2023 13:23:38 SunSirs (John)
Price trend
According to data from SunSirs, on March 27, 2023, the average spot market price of ethylene oxide in China was 7,200 RMB/ton, up 2.86% from the beginning of the month; Compared to the price being 6,800 RMB/ton at the beginning of the year, the price increased by 5.88%.
On the 27th, Sanjiang Chemical Co., Ltd. quoted an ex-factory price of 7,200 RMB/ton for ethylene oxide; The ex-factory price of ethylene oxide from Satellite Chemical Co., Ltd. was 7,200 RMB/ton; Lianhong Xinke's external implementation price of ethylene oxide was 7,200 RMB/ton.
Analysis review
The terminal demand had improved, and the price of the main downstream polycarboxylic acid water reducing agent monomer had rebounded. On the one hand, after the holiday, the resumption of production and construction of terminal real estate had started, and the production enthusiasm of polycarboxylic acid water reducing agent monomer enterprises had increased, increasing the demand for ethylene oxide.
Market outlook
The price of raw material ethylene was relatively strong, with strong cost support for ethylene oxide; The main downstream polycarboxylic acid water reducing agent monomer market was improving, 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, with fluctuations operating to be stronger mainly.
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