SunSirs: The Price of Ethylene Oxide Was Stable in December
December 28 2023 11:14:18 SunSirs (John)
Price trend
In December, the price of ethylene oxide remained stable. According to data from SunSirs, as of December 25th, the average price of ethylene oxide in the domestic market was 6,400 RMB/ton; From a regional perspective, the epoxy ethane market in East China was priced at 6,400 RMB/ton externally; The listed price of ethylene oxide in the South China market was 6,500 RMB/ton; The listed price of epoxy ethane in North China was 6,400 RMB/ton; The listed price of ethylene oxide in the central China market was 6,400 RMB/ton.
Analysis review
The main downstream polycarboxylate water reducing agent monomer was affected by poor terminal demand, and the demand had remained weak and stable recently with little change in operating load. The demand for ethylene oxide was relatively stable, and the short-term price support was average.
The price of raw material ethylene had begun to show a weak market consolidation, and the cost of ethylene oxide was averagely supported. As of December 22nd, the estimated CFR China price for ethylene in the port was around850-870 US dollars per ton.
Market outlook
The demand for downstream products of ethylene oxide remained stable, and recently, ethylene oxide had been operating steadily. However, as profits expand towards negative values, there was an expectation of a decrease in the operating rate of ethylene oxide, and the downward space gradually narrowed. It is expected that the price of ethylene oxide will remain weak and stable in the short term.
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