SunSirs: On August 28th, the Price of Ethylene Oxide Rose
August 30 2023 09:32:01 SunSirs (John)
Price trend
In August, the price of ethylene oxide increased. According to data from SunSirs, as of August 28th, the average market price of ethylene oxide in China was 6,400 RMB/ton; From a regional perspective, the average market price in North China was 6,400 RMB/ton, in East China was 6,400 RMB/ton, in Central China was 6,400 RMB/ton, and in South China was 6,500 RMB/ton.
Analysis review
In July, the prices of the main downstream polycarboxylate water reducing agent monomers were strong, and the off-season effect was weak. As of August 28, supply and demand were still tightly balanced.
Supply side: Previously, the price of ethylene oxide was relatively low, and some manufacturers hit the cost line, facing increasing pressure to lose money. The operating rate of manufacturers was relatively low, and some enterprises underwent equipment maintenance. In addition, some production factories switched to producing ethylene glycol or adjusted their own usage ratio to alleviate production and sales pressure. Overall, there were frequent malfunctions in the ethylene oxide plant, leading to a tightening of market supply. At the end of last month, the supply of goods in South China was tight, driving market optimism overall.
Market outlook
The cost support for ethylene oxide had strengthened, and with the transmission effect of upstream and downstream product prices, the price of ethylene oxide had improved. On the supply and demand side, under the increasing losses of ethylene oxide enterprises on the supply side, production enthusiasm was not high, external sales of enterprises were decreasing, and domestic supply was showing a tense situation. There is still room for the price of ethylene oxide to rise in the short term.
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