SunSirs: On April 25th, the Price of Ethylene Oxide Stabilized
April 26 2023 10:38:18 SunSirs (John)
Price trend
According to data from SunSirs, on April 25, 2023, the average spot market price of ethylene oxide in China was 6,500 RMB/ton, a decrease of 9.72% compared to the beginning of the month; Compared to the price of 6,800 RMB/ton at the beginning of the year, the price decreased by 4.41%.
Analysis review
On the 25th, Sanjiang Chemical Co., Ltd. quoted a factory price of 6,500 RMB/ton for ethylene oxide; Satellite Chemical Co., Ltd. quoted an external factory price of 6,500 RMB/ton for ethylene oxide; Lianhong Xinke's external execution of ethylene oxide was 6,500 RMB/ton.
The terminal demand was lower than expected, and the price center of the main downstream polycarboxylate water reducing agent monomer had shifted downward. The production enthusiasm of polycarboxylate water reducing agent monomer enterprises was not high, and the demand for ethylene oxide was weakened.
Market outlook
The terminal demand was lower than expected, and the production capacity utilization rate of the main downstream polycarboxylate water reducing agent monomer enterprises was not high; The demand for ethylene oxide was expected to weaken. It is expected that in the short term, the price of ethylene oxide will continue the current trend, mainly fluctuating to be weaker.
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