SunSirs: Cost Side Support Moved Downwards, and the Expectation for the Price of Ethylene Oxide to Be Weak and Stable Increased
November 01 2023 14:34:25 SunSirs (John)
Price trend
In October, the price of ethylene oxide remained basically stable. According to data from SunSirs, as of October 30th, the average market price of ethylene oxide in China was 6,800 RMB/ton; From a regional perspective, the average market price in North China ranged from 6,500 to 6,800 RMB/ton, in East China it ranged from 6,800 RMB/ton, in Central China it ranged from 6,800 RMB/ton, and in South China it ranged from 6,600 RMB/ton.
Analysis review
The prices of the main downstream polycarboxylate water reducing agent monomers have been relatively weak recently, and the profits of downstream products of ethylene oxide are still showing a contraction trend. Affected by poor terminal demand, the prices of the main downstream products are difficult to maintain. The monomer price of polycarboxylate water reducing agent is relatively weak.
Raw material side: The price of raw material ethylene has started to show a weak market consolidation, and the cost support for ethylene oxide is average.
Market outlook
As of the end of the month, the cost of ethylene oxide has weakened, and the demand for downstream products is also the main reason for the upward trend of ethylene oxide prices. It is expected that the price of ethylene oxide will remain weak and stable in the short term.
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